The company, which is moving Chaps to a licensed model, started coming back in the second fiscal quarter with narrower losses.

The firm’s second-quarter top and bottom line showed improvement over the first quarter.

The retailer logged a $231 million profit for the quarter, up from $20 million the same time last year.

The retailer said it is charting a course to exit bankruptcy before the holiday season.

The parties agreed on new purchase price of $131.50 in cash per share and to settle their pending litigation.

Barring further drastic lockdown measures, the company expects a positive operating profit for 2020. 

The jeweler’s stock rebounded on reports that it would consider less than the $135-a-share price set last year.

Crevoiserat, who has been serving as interim ceo since July, is the first woman to lead the fashion company that houses the Coach, Kate Spade and Stuart Weitzman brands.

The jeweler’s stock has rebounded on reports that it would consider something more than $130 a share.

Investors include H&M Co:Lab, the venture capital arm of the H&M Group.

But the dispute over the $16.2 billion deal is still set to be decided in a Delaware courtroom.

The group plans to focus on organic growth and is doubling marketing investments next year.

The plan includes closing Gap and Banana Republic stores, doubling the Athleta business and growing Old Navy from a $8 billion to $10 billion brand.

The fashion company is seeing improvements in the third quarter, after a 23 percent drop in sales in the nine months.

The long-rumored sale seems to have been made more likely by the coronavirus pandemic.