ARDEN ADDITION: Elizabeth Arden Inc. filed with the Securities and Exchange Commission Wednesday a preliminary prospectus supplement to its existing shelf registration statement. The initial statement regarded the proposed underwritten public offering of 4 million shares of Arden’s common stock, of which approximately 2.7 million shares would be offered by the company and about 1.3 million shares would be offered by shareholder Unilever. The supplement indicated that Unilever intends to convert approximately $16 million of its Series D convertible preferred stock into common stock to be sold in the offering. The New York-based beauty company said it intends to use the net proceeds from the offering to redeem a portion of its 11.75 percent senior secured notes due 2011, and will not receive any of the net proceeds from the sale of the shares by Unilever.

DREAM LIFE: Coty Beauty and Celine Dion are about to form a Dream Team. Through an interactive online contest, which begins Oct. 10, entrants will be asked the question, “What is your dream in life and what are you doing to achieve it?” Their stories then will be posted on where visitors will vote for their favorite one. The Celine Dream Team, which will consist of four winners and one randomly chosen voter, will be announced in February. In March, the group will visit New York City, where they’ll take a tour of Sony Music studios, get a behind-the-scenes look at Coty’s development laboratory and receive a variety of Celine Dion Parfums products. Then, via private jet, they will be flown to Las Vegas for a day of pampering at a spa before seeing Dion’s show, “A New Day…,” after which they’ll go backstage to meet her.

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