Revlon to Acquire Elizabeth Arden for $870 Million

The deal brings Revlon, which has its strength in drug store color cosmetics, hair care, men’s grooming, antiperspirants, deodorants and beauty tools, squarely into department stores with the addition of Elizabeth Arden’s portfolio of licensed prestige fragrances and prestige skin care, color cosmetics and fragrance products.

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Arden CEO Outlines 2013 Plans in 4Q/FY Call

Elizabeth Arden closed out its fiscal year on a high note, with net sales up 5.3% to $1.2 billion. In North America, sales edged up 2.9% to $778.4 million benefitting from its prestige business, while internationally net sales jumped 9.8% to $459.9 million with Europe, travel retail and developing markets contributing the most gains. For the quarter, net sales grew 4.6%.

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