turn sth around/round, on the table

Tommy Hilfiger has taken its plans for a possible initial public offering off the table, and instead plans to focus on expansion after turning around its U.S. business.

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turn sth around/round phrasal verb [M]
to change an unsuccessful business, plan or system so that it becomes successful:
The new management team turned the ailing company around in under six months.

turnaround Show phonetics
noun [S] (UK ALSO turnround)
1 when a business, plan or system suddenly becomes successful:
The chairman, Tony Bramall, was responsible for the turnaround in the company's fortunes.

2 any change from one thing to its opposite:
What a turnaround - at halftime they were losing 3-0, but in the end they won 4-3.

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on the table
If a plan or suggestion has been put/laid on the table, it has been made available for people to hear, read or discuss.