Cost-cutting is carrying on in the short-term, and Avon has decided to shut down in Australia.
Analysts suggested the company should focus on its ceo search.
Shah Capital, Barington Capital Group and NuOrion Partners have called for the company to consider splitting up.
The winners and losers of third-quarter earnings, according to WWD.
The business is shifting funds for its reinvestment plan, now planning for $45 million in reinvestment instead of $65 million in 2017.
The former beauty executive never actually lived in the plush Park Avenue apartment.
Shares of the company hit one of its highest levels in weeks.
The activist investor is calling for the replacement of ceo Sheri McCoy.