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Curve, other scents are part of $58 million cash deal.
August 16, 2011
By: TOM BRANNA
As part of its efforts to de-leverage the company, Liz Claiborne Inc. has amended its long-term license agreement with Elizabeth Arden via a $58.4 million cash deal allowing Elizabeth Arden to acquire the trademarks for the Curve fragrance brands and selected other smaller fragrance brands. The amendment also includes a lower effective royalty rate associated with the fragrance brands that remain under license, including Juicy Couture and Lucky Brand fragrances, reduces the future minimum guaranteed royalties for the term of the license, and requires a pre-payment of certain royalties, according to the company.
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