Marco Gobbetti will join the company as executive chairman, Asia-Pacific and Middle East until July 4, when he will become ceo.
American Apparel workers reported to the company’s Los Angeles factory Monday to pick up their final checks.
Sales for Avon’s third quarter dropped, but it is ahead of schedule with its restructuring plan.
Avon’s net sales were down 2 percent in the third quarter.
Lauder’s Tom Ford and Smashbox brands posted double-digit gains for the quarter, driven by lip products and specialty-multi, respectively.
The brow category was up 37 percent for the third quarter.
The company reported stable net sales Tuesday, at $16.5 billion.
The firm’s sales were pushed upward by numbers from Coach, Abercrombie & Fitch and Hollister.