Elizabeth Arden Inc. has acquired the global licensing rights for Liz Claiborne Inc.'s fragrance brand portfolio, which includes scents under the Juicy Couture, Usher, Lucky Brand and Claiborne banners.

The deal confirms a report in WWD last month that Liz Claiborne was seeking a buyer for its fragrance business, which industry sources estimate is roughly $270 million in size.

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