I left Elizabeth Arden back in 2005, I still have many dear friends over there - people who care about the company and people who make it successful. I hear rumors that 2005 may be repeated and that there will be layoffs in 2014. I sincerely hope that you will be able to avoid it and that all of you who work over there will continue to do what you like. Layoffs are never easy, but keep in mind that whenever you move on something better comes along, so do not be anxious, chin up and move forward. Good luck to you and Elizabeth Areden...
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declining perfume sales are not news - we had a surprise loss for latest quarter - things will continue to go south. Goldman is looking into options, that means sale of the company or assets - things will be ugly.
We will be doing layoffs all Summer