Cost SavingsManagement is targeting over $100 million in cost savings this fiscal year, driven by closure of unprofitable locations, headcount reductions, consolidating office space, and supply chain efficiencies.
Potential Acquisition InterestPotential acquirers could include European luxury houses, private equity, Asia/Middle Eastern buyers of luxury brands, and/or strategics, indicating interest in the brand.
Strategic InitiativesManagement expects sequential improvement in revenue trends driven by strategic initiatives.