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Elizabeth Arden’s Net Loss Widens in First

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By: TOM BRANNA

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Beauty products maker Elizabeth Arden Inc. reported that its first-quarter net loss widened even though net sales more than doubled. The Miami based-company, which changed its name from French Fragrances after it acquired the Elizabeth Arden business in January, reported a net loss of $19.0 million, or $1.15 per share, compared with a net loss of $9.9 million, or 74 cents per share, on a pro forma basis a year earlier.For the three months ended April 28, net sales more than doubled, to $142.0 mi...

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