New York, June 26, 2014 -- Moody's Investor Service today stated that Elizabeth Arden, Inc.'s (RDEN) recently announced restructuring and cost savings program and LG Household and Health Care Ltd.'s (LGHHC) statement that it is no longer interested in pursuing an acquisition of RDEN do not affect RDEN's Ba3 rating or developing outlook. This is because RDEN's continuing strategic alternatives evaluation could lead to transactions that are either positive or negative for creditors. LGHHC's withdrawal as a potential strategic buyer is credit negative, as through this partnership RDEN could have become a part of a larger entity that had a potential to accelerate RDEN's international growth. The restructuring and cost savings program announced earlier this week is a potential positive, but was necessary given its recent business slowdown.

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