Company News, Financial News

NWQ Sells Arden Shares…

as Arden posts another loss

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By: TOM BRANNA

Editor

NWQ sold the 2,590,623 Elizabeth Arden shares that remained in its portfolio after selling nearly 2.2 million shares in two separate transactions earlier this year. NWQ sold 62,904 shares in the first quarter and 2,131,274 shares in the second quarter. That move followed Elizabeth Arden's announcement that it had a loss of $23.1 million in its fiscal fourth quarter.The Miramar, Florida-based company said it had a loss of 79 cents per share. For the year, the company reported that ...

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