Elizabeth Arden Announces Intent to Evaluate Tender Offer by Affiliates of Rhône Capital

Elizabeth Arden, Inc. RDEN, a global prestige beauty products company, today announced that Nightingale Onshore Holdings L.P. and Nightingale Offshore Holdings L.P., investment funds affiliated with Rhône Capital L.L.C. (referred to together as “Rhône Capital”), have commenced a partial tender offer to acquire up to 6,442,013 shares of the Company's outstanding common stock, constituting approximately 20% of such outstanding common stock (including shares of common stock underlying warrants held by Rhône Capital), at a cash purchase price of $17.00 per share (the “Offer”). The commencement of the Offer is consistent with Rhône Capital's previously announced intention to increase their investment in the Company following Rhône Capital's purchase of 50,000 shares of the Company's Series A Serial Preferred Stock and warrants to purchase 2,452,267 shares of the Company's common stock at an exercise price of $20.39 per share, constituting approximately 7.6% of the outstanding common stock of the Company on an as-exercised basis, pursuant to a private placement on August 19, 2014.

The Company's Board of Directors, in consultation with the Company's management and its financial and legal advisors, intends to evaluate the Offer. The Board will advise the Company's shareholders of its position regarding the Offer within 10 business days of the commencement of the Offer, as required by the Securities Exchange Act of 1934. Therefore, in the interim, the Company requests that its shareholders defer taking action with respect to the Offer until they have been advised of the Board's position with respect to the Offer.

Elizabeth Arden is a global prestige beauty products company with an extensive portfolio of prestige beauty brands sold in over 120 countries. The Company's brand portfolio includes Elizabeth Arden skincare, color and fragrance products; its professional skin care lines, Elizabeth Arden Rx and Elizabeth Arden PRO; the celebrity fragrance brands of Britney Spears, Elizabeth Taylor, Jennifer Aniston, Justin Bieber, Mariah Carey, Nicki Minaj, and Taylor Swift; the designer fragrance brands of Juicy Couture, Alfred Sung, BCBGMAXAZRIA, Geoffrey Beene, Halston, Ed Hardy, John Varvatos, Lucky Brand, Rocawear and Wildfox Couture; and the lifestyle fragrance brands Curve, Giorgio Beverly Hills, and PS Fine Cologne.