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Arden launching Justin Bieber, Nicki Minaj scents

NEW YORK (MarketWatch) -- Elizabeth Arden Inc. on Tuesday said that it has acquired the global licenses and related assets for the Justin Bieber and Nicki Minaj fragrance brands for an undisclosed sum. According to market research firm NPD, pop star Justin Bieber's first fragrance line was the No. 1 women's fragrance launch of 2011 in U.S. department stores. Excluding the impact of the sale, the beauty products company retains its fiscal 2012 guidance for net sales growth of 5% to 5.5% over the prior fiscal year, and net income per diluted share of $1.95 to $2.00.