The brow brand is expected to fetch a valuation of $2.5 billion to $3 billion or more.
The improvement is due in part to the closure of unprofitable stores in 2017, and net profits are helped by a benefit from tax reform.
Cost-cutting is carrying on in the short-term, and Avon has decided to shut down in Australia.
Fossil’s stock shot up with its smartwatch strength, but there’s still plenty of work ahead for the company.
Richard Umbers’ abrupt departure follows less than a week after Australia’s largest department store chain issued its third profit downgrade this financial year.
The watchmaker said its shift to wearables was starting to pay off.
The company’s sales topped expectations and were paired with plans to cut more costs.
The French conglomerate reported “spectacular” growth at Gucci and Yves Saint Laurent, and a strong performance by Balenciaga.
The company also expects to save $12 million annually per a cost-savings initiative.