Elizabeth Arden, Inc. -- Moody's says potential acquisition by LG Household & Health Care would be credit positive for Elizabeth Arden

New York, April 23, 2014 -- Moody's Investors Service said LG Household & Health Care Ltd.'s (LGHHC) announcement today that it is evaluating Elizabeth Arden, Inc. (RDEN) as a possible acquisition target is credit positive for RDEN because, should a deal occur, RDEN would become part of a larger entity that Moody's believes would accelerate the company's international growth initiatives. No agreement has been announced, but RDEN's stock price increased more than 10% on the news and LGHHC indicated it would provide an update within one month. For further information, please see the issuer comment posted to www.moodys.com.

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