The repositioning of its namesake brand put a crimp on Elizabeth Arden Inc.’s third-quarter earnings.
On Thursday, Arden reported a net loss of $1.3 million, or 4 cents a diluted share, compared with a net income of $2.2 million, or 7 cents a share, in the year-ago period. On an adjusted basis — or excluding charges related to the Elizabeth Arden brand repositioning and acquisition-related expenses — net income per diluted share was 2 cents.
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?"