date:Aug 12, 2014
But until last week the company held that its best course was to stick to a turnaround plan under new chief executive, Mike Clarke. In May, the company said it had turned down a A$4.70 a share, A$2.9 billion approach from KKR.
The company is scheduled to release full-year results on Aug. 21 that are expected to highlight the impact of oversupply in its U.S. operations and dwindling China sales because of a government crackdown on luxury gifts, as well as early effects of Clarke's efforts to tu