Company News

Further Financial Woes in Prestige Beauty

Author Image

By: TOM BRANNA

Editor

The current state of economic affairs is showing its impact on the global prestige market, according to a recent report from NPD. Furthermore, financial standings for industry leaders like Elizabeth Arden and Estée Lauder are showing signs of slowing down, as seen in company financial reports. For the second fiscal quarter ended Dec. 31, 2008, Elizabeth Arden reported net sales of $370 million, a decrease of 12.4% as compared to the prior fiscal year. For the six months ended Dec. 31, 2008, t...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters