(Reuters) - Cosmetics company Elizabeth Arden Inc (O:RDEN) 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 (50.04- 55.92 million pounds)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)