Beauty products maker Elizabeth Arden Inc on Thursday forecast 2013 profit above estimates on stronger sales due to a larger portfolio of fragrance brands, including one from pop star Justin Bieber.
The company, which in the spring bought licenses for fragrances for fashion brands True Religion and BCBGMAXAZRIA and hip-hop star Nicki Minaj as well as Bieber, expects net sales to be up 13.5 percent to 15 percent this fiscal year.
(Source: The Business Times )