Elizabeth Arden Inc.’s multichannel business model, boosted by its union with Liz Claiborne, will usher the beauty company through a tough holiday season, the firm’s chairman, president and chief executive officer E. Scott Beattie told analysts Thursday.
Arden is bracing for a challenging and pivotal second quarter on the heels of posting a first-quarter loss, compared with a year-ago gain, because of costs related to the integration of Claiborne’s fragrance brand portfolio. The “challenging consumer and retail environment worldwide and the impact of foreign currency fluctuations” also led the firm to reduce its sales and earnings guidance for the full year.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"