Home Wealth  Money Liz Claiborne Sells Perfume Brands to Elizabeth Arden

Liz Claiborne Sells Perfume Brands to Elizabeth Arden

Posted: Aug. 12th, 2011  |  By Forbes

powered by Forbes

RSS Syndicated News Email a Friend Suggest an Article Share Visit Website

Apparel and accessories company Liz Claiborne said today it has made several moves to reduce its debt and manage costs.

The company has amended its long-term license agreement with Elizabeth Arden (nasdaq: RDEN - news - people ) , such that the cosmetics company will acquire the trademarks for the Curve fragrance brands as well as other, smaller fragrance brands, for $58.4 million in cash.

The amendment also includes lower effective royalty rates with brands still under Liz Claibornes license, including Juicy Couture and Lucky brand fragrances.

Liz Claiborne (nyse: LIZ - news - people ) also said it has made a distribution agreement with Li & Fung for Liz Claibornes owned retail stores as well as for its wholesale business, thereby reducing the costs associated with distribution.

Market News Video produces and distributes online videos about stocks and investing.




Share on Facebook Share
See Next Article
Need to Get Away?
Top 10 Business Hotels
Who says you canít mix business with pleasure?
Read More
More Articles from Forbes.com

advertisement
Quick Links
Autos
Boating
Real Estate
Luxury Travel
Fashion
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
advertisement
Current News & Features
A Photo Tour of Jackson Family Wines
Audi Holds First Womenís Track Day With 2017 R8 Coupe
Has LVMH Unleashed China's First Great Red Wine?
The Hawaiian Community Attracting Billionaires
Chilean Wines: Long on Unique and Flavorful Notes
The Planar Magnetic Audeze SINE Headphones Make Every Genre Sound Great
Chef Craig Strong Dishes on His Award-Winning Laguna Beach Restaurant
Fast Times: Test-Driving the New Porsche 718 on California's PCH
Chef Jeanie Roland Dishes on her R.I. Eatery, Taylor Swift & Bobby Flay
A Culinary Marriage of Savory Proportions
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE