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 can’t 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
Industry Insiders Explain the Value of the Food & Wine Classic
Five Different Takes on the Vodka Martini
B&B Italia Celebrates its 50th Anniversary
Rare Auction to Offer Signed Artifacts Dating From the Spanish Empire to George W. Bush's Presidency
Custom Yachts Pave the Way for Custom Tenders
The Best Restaurant in the World is Osteria Francescana
5 Car Shows Around the World Where You’ll Find the Biggest Auto Unveilings
The Maîtres Cuisiniers de France-Académie Culinaire de France Meets for its Annual Congress
Supersonic Technology is About to Transform Aviation (Again)
The Most Noteworthy Real Estate Happenings - Week of June 10
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE