Elizabeth Arden, Inc. (RDEN: Quote), a beauty products company, on Tuesday said it has acquired the global licenses and certain related assets for the Justin Bieber and Nicki Minaj fragrance brands from Give Back Brands. Terms of the transaction were not disclosed.
The company expects the transaction to be accretive to earnings beginning in the first half of fiscal 2013. Excluding the impact of this transaction, the firm confirmed its fiscal 2012 guidance for net income per share of $1.95 to $2.00, net sales growth of 5 percent to 5.5 percent and a gross margin increase of 200 to 250 basis points over fiscal 2011.
This guidance also excludes any expenses related to the acquisition of the Ed Hardy, True Religion and BCBGMAXAZRIA fragrance licenses mentioned last month.
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by RTT Staff Writer
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