Wednesday, June 13, 2012

Elizabeth Arden Acquires Justin Bieber, Nicki Minaj Licenses

With its purchase Tuesday of the fragrance licenses of Justin Bieber and Nicki Minaj from Give Back Brands LLC, Elizabeth Arden Inc. is giving Coty Inc. a run for its money.


Bieber’s first fragrance, Someday, was launched in spring 2011 and became the number-one women’s fragrance launch in U.S. department stores, with annual sales of $39 million according to NPD Group figures cited by Give Back Brands. A second fragrance, Girlfriend, will be launched in Macy’s on Monday and in other national retailers on June 25, Kathy Widmer, executive vice president and chief marketing officer of Elizabeth Arden, told WWD Tuesday afternoon. 


Minaj’s first fragrance is set for a September launch. These moves will meet head on with Coty as it prepares to launch its first Lady Gaga fragrance in the fall, following the debut of Madonna’s blockbuster Truth or Dare scent in late March. Terms of the acquisition were not disclosed. 

In a memo to employees dated Tuesday, E. Scott Beattie, chairman and chief executive officer of Elizabeth Arden, said: “We are pleased to announce that today we signed an agreement to acquire the licenses for the Justin Bieber and Nicki Minaj fragrance brands from Give Back Brands.…The marketing and creative activities for these fragrance brands will continue to be managed externally by their existing team. Sales, finance and operational activities will be absorbed by the respective Elizabeth Arden functions. These brands represent another opportunity to grow our extensive fragrance portfolio through both new licenses and fragrance acquisitions.”

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