Elizabeth Arden Inc.'s net income declined 22 percent in the first quarter, dragged down by costs tied to the repositioning of its flagship brand.
Net income attributable to Arden was $1.7 million, or 22 cents a diluted share, compared with $2.18 million, or 44 cents a share, in the year-ago period. The adjusted net income excludes non-recurring costs related to the revamp of the Elizabeth Arden brand and restructuring activities, and for fiscal 2013, excludes costs tied to fragrance acquisitions completed in 2012.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"