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L Brands Sees Q2 Sales Down About 20%
Next Chosen As Preferred UK Franchise Partner For Victoria's Secret - Sky News
L Brands Closes Its $750 Mln Offering Of 6.875% Senior Secured Notes Due 2025
L Brands, Inc. operates specialty retail business. The Company is focused on women's intimate and other apparel, personal care, beauty and home fragrance categories. Its segments include Victoria's Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International. It sells its merchandise through company-owned specialty retail stores in the United States, Canada, the United Kingdom and Greater China, which are mall-based; through Websites, and through international franchise, license and wholesale partners. It operates in the retail brands, which include Victoria's Secret, PINK, Bath & Body Works and La Senza. La Senza is a specialty retailer of women's intimate apparel. It sells its La Senza products at over 120 La Senza stores in Canada. Henri Bendel sells handbags, jewelry and other accessory products through New York and 28 other stores. Mast Global is a merchandise sourcing and production function serving the Company and its international partners.
3 Limited Pkwy
PO Box 16000
Sarah E. Nash
Chairman of the Board
Leslie H. Wexner
Chief Executive Officer, Director
Stuart B. Burgdoerfer
Chief Financial Officer, Executive Vice President
James L. Bersani
President - Real Estate
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L Brands Inc <LB.N> on Tuesday forecast a smaller-than-expected drop in quarterly sales on strong demand for its Bath & Body Works hand sanitizers and other personal care products, and said it would cut 15% of its corporate staff.
L Brands Inc <LB.N> posted worse-than-expected quarterly results on Wednesday, as its struggling Victoria's Secret and growing Bath & Body Works businesses were hammered by disruptions caused by the coronavirus outbreak.
L Brands Inc reported a 37% slump in quarterly net sales on Wednesday, hit by weak demand for its Victoria's Secret lingerie brand amid the COVID-19 pandemic.
The parent company of Victoria’s Secret, L Brands, announced Monday that it was ditching its attempt to compel the private equity firm Sycamore Partners to complete a $525 million deal to purchase a majority stake in the lingerie business. L Brands, which also owns Bath...
L Brands Inc <LB.N> said on Monday it has agreed to call off the sale of its majority stake in Victoria's Secret lingerie business to buyout firm Sycamore, averting a bitter legal battle between the two companies over the $525 million (422 million pounds) deal.
L Brands Inc said on Monday it has agreed to end the sale of its Victoria's Secret lingerie business to Sycamore Partners, days after the buyout firm disclosed it had walked away from the $525 million deal.
L Brands Inc <LB.N> filed a legal complaint against Sycamore Partners on Thursday, after the buyout firm walked away from a $525 million deal to acquire a majority stake in the company's Victoria's Secret lingerie brand.
Buyout firm Sycamore Partners disclosed on Wednesday it had walked away from a $525 million deal to acquire a majority stake in Victoria's Secret, after the lingerie brand shut down stores and furloughed staff in response to the coronavirus outbreak.
The private equity firm Sycamore Partners sued Victoria’s Secret parent L Brands Wednesday in Delaware Chancery Court, seeking to end its deal to acquire a 55% stake in the lingerie brand. Notably, Sycamore seems to be the first post-COVID-19 M&A buyer to claim that its...
Investment firm Sycamore Partners is looking to terminate its deal to buy Victoria's Secret from L Brands Inc on grounds that it breached some deal terms, a court filing on Wednesday showed, sending the company's shares down 20%.
L Brands Inc <LB.N> said on Tuesday it would temporarily close all its stores, including those of Bath & Body Works and Victoria's Secret, in the United States and Canada through March 29 and that it has drawn down $950 million from an existing credit line due to the coronavirus...
L Brands Inc <LB.N> forecast a loss for the first quarter, days after it decided to sell a controlling stake in its struggling Victoria's Secret brand, and said on Wednesday that it took a $725 million impairment charge related to the struggling lingerie unit in the fourth...
L Brands Inc on Wednesday forecast a loss for the first quarter, days after it decided to sell a controlling stake in its struggling Victoria's Secret lingerie unit, sending its shares down nearly 3% in after-market trading.
L Brands Inc <LB.N> said on Thursday it will sell a controlling stake in its Victoria's Secret unit to investment firm Sycamore Partners, valuing the lingerie brand at $1.1 billion (852.25 million pounds), as it focuses on its core Bath & Body Works brand.
L Brands Inc is selling a controlling stake in its Victoria's Secret unit to investment firm Sycamore Partners, valuing the lingerie brand at $1.1 billion, as focuses on its core Bath & Body Works brand.
Victoria's Secret-owner L Brands <LB.N> Chief Executive Officer Leslie Wexner is in talks to step aside from the role and is exploring strategic alternatives for the lingerie brand, the Wall Street Journal reported on Wednesday.
Victoria's Secret-owner L Brands Chief Executive Officer Leslie Wexner is in talks to step aside from the role and is exploring strategic alternatives for the lingerie brand, the Wall street Journal reported https://www.wsj.com/articles/victorias-secret-billionaire-in-talks-to-step-aside-and-sell-brand...
The annual Victoria's Secret fashion show, known for its jewel-encrusted bras and supermodels sporting angel wings, will not be held this holiday season, parent L Brands Inc said on Thursday.
L Brands said on Thursday activist investor Barington Capital has agreed to withdraw its proposed board nominees and instead will serve as a special adviser as part of an agreement with the company.
Activist investor Barington Capital on Tuesday urged L Brands to separate its Victoria's Secret and Bath & Body Works businesses, in an effort to turn around the struggling consumer brands owner.
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