[Logo]
14100 NW 60 Avenue
Miami Lakes, Florida  33014

FOR IMMEDIATE RELEASE
- ---------------------
         ELIZABETH ARDEN, INC. COMPLETES RENEGOTIATION
                       OF BANK COVENANTS


     Miami, Florida (March 14, 2002)   Elizabeth Arden, Inc.
(NASDAQ: RDEN), a leading manufacturer and marketer of prestige
beauty products, today announced that it has completed the
renegotiation with its bank group of certain maintenance covenants
incorporated in its $175 million asset based credit facility which
expires in 2006.  The Company had previously disclosed in its press
release dated January 31, 2002, that it was in negotiations with
its bank group to amend certain covenants in light of changed
economic circumstances.

     The agreement with the bank group includes a waiver of non-
compliance with certain maintenance covenants for the fourth
quarter of fiscal 2002, and it also amends the related covenant
levels for each quarter of fiscal 2003 and the first three quarters
of fiscal 2004.  The agreement with the banks amends selected
additional sections of the bank agreement.  The cost of the
amendment is not expected to be material to the results of the
Company.   The Company believes the amended covenants better
reflect current market conditions, and provide adequate financial
flexibility over the next several years.

     Elizabeth Arden is a leading global marketer and manufacturer
of prestige beauty products.  The Company's portfolio of leading
brands includes the fragrance brands Red Door, Elizabeth Arden
green tea, 5th Avenue, White Shoulders, Elizabeth Taylor's White
Diamonds and Passion, Geoffrey Beene's Grey Flannel, Halston,
Halston Z-14, PS Fine Cologne for Men, Design and Wings by Giorgio
Beverly Hills; the Elizabeth Arden skin care brands Visible
Difference, Ceramides and Millenium; and the Elizabeth Arden
cosmetics line.


Company Contact:   Elizabeth A. Tuttle, Senior Vice President,
                     Finance
    (305) 818-8102

Investor Contact:  Priya Akhoury
    Morgen-Walke Associates
    (212) 850-5600

               Press Contact:     Laura Novak
    Morgen-Walke Associates
    (212) 850-5600

"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: The statements contained in this release
which are not historical facts are forward-looking statements
that are subject to risks and uncertainties that could cause
actual results to differ materially from those set forth in or
implied by forward-looking statements, including: the substantial
indebtedness and debt obligations of the Company; the Company's
ability to successfully and cost-effectively integrate acquired
businesses and other acquired companies and new brands into the
Company; the absence of contracts with customers or suppliers and
the Company's ability to maintain and develop relationships with
customers and suppliers; the Company's ability to retain key
personnel; the Company's ability to launch new products and
implement its growth strategy; risks of international operations;
supply constraints or difficulties; the impact of competitive
products and pricing; changes in the retail fragrance and
cosmetic industries; the effect of business and economic
conditions; and other risks and uncertainties.  More detailed
information about these factors is included from time to time in
reports filed by the Company with the Securities and Exchange
Commission.  Readers are cautioned not to place undue reliance on
forward-looking statements which speak only as of the date
hereof.  The Company assumes no responsibility to update or
revise forward-looking statements contained herein to reflect
events or circumstances following the date hereof.