28 October 2009 | Jake Kanter
Global cosmetics firm Elizabeth Arden has outsourced its print procurement to Williams Lea in a $350 million (£214 million) deal.
Under the five-year contract, unveiled yesterday, the outsourcing firm will manage Elizabeth Arden's print and flexible packaging purchasing in an effort to make savings.
Williams Lea refused to disclose how much spend it will manage, while savings targets also remain confidential. It announced only what it was getting paid for the work.
Pierre Pirard, senior vice president of global supply chain at Elizabeth Arden, said the deal was part of a bigger cost-reduction effort.
"Focusing on our core business through simplification of our business processes and outsourcing of non-core activities is part of our global efficiency re-engineering initiative started in late 2007. Williams Lea is fully aligned with this effort."