Elizabeth Arden taps Putnam

Putnam Investments today said it has been selected by Elizabeth Arden Salon-Holdings, Inc. to manage its $26 million retirement savings program for more than 1,500 plan participants.
“We are delighted that Elizabeth Arden Salon-Holdings Inc. has chosen Putnam to manage its retirement plan assets,” David Tyrie, managing director of retirement services for the Boston-based mutual fund company, said in a statement.
“We are especially pleased that we will be able to provide their employees with the tools they need to help the employee successfully plan for retirement.”
Putnam managed $192 billion in assets as of April 30.