Justin Bieber and Taylor Swift perfume sales stink for Elizabeth Arden
The cosmetics giant has suffered the biggest quarterly loss in its history, causing its stock to drop by 25%, according to the Mail Online.
In a statement about the loss, Elizabeth Arden specifically named the two celebrity fragrances, pointing out that “the decline in sales of celebrity fragrances, particularly the Justin Bieber and Taylor Swift fragrances, was steeper than anticipated.”