Elizabeth Arden to exit unprofitable businesses
June 24 (Reuters) - Cosmetics company Elizabeth Arden Inc said it would exit low-return businesses and brands to improve gross margins and profitability, and would record a related non-cash charge of $85-95 million for the fourth quarter ending June 30.
The company said it would also cut jobs and close its Puerto Rico affiliate. (Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Saumyadeb Chakrabarty)
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