You Searched For "L Brands" and got 19 results
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1 min read
Victoria's Secret parent L Brands jumps on revised guidance as latest stimulus boosts sales
Shares of Victoria's Secret parent company L Brands climb as the lingerie retailer raises its earni…
Carla Mozée
1 min read
Victoria's Secret owner expects to spend up to $370 million splitting its company in two, plus an extra $80 million a year in expenses
L Brands said this month that it was abandoning plans to sell Victoria's Secret, and would instead …
Mary Hanbury
2 mins read
Les Wexner, the billionaire founder of Victoria's Secret's parent company, may be forced to share more about his ties to Jeffrey Epstein
Les Wexner, the founder and former CEO of L Brands, hasn't turned over all documentation in an ongo…
Madeline Stone
2 mins read
L Brands, the parent company to Victoria's Secret, was sued over claims of 'toxic culture of sexual harassment, discrimination, and retaliation'
The lawsuit also includes mention of convicted sex offender Jeffrey Epstein and his ties to L Brand…
Lauren Frias
2 mins read
Victoria's Secret parent L Brands plummets 27% after Sycamore tries to back out of acquiring majority stake
Sycamore argues that L Brands' "voluntary actions" amid the pandemic caused "severe damage" to the …
Matthew Fox
2 mins read
Victoria's Secret abandons its scantily dressed Angels, saying they're no longer 'culturally relevant.' Activists and entrepreneurs will be the new faces of the brand, it says.
Victoria's Secret said it was partnering with a new group of women, including the soccer player and…
Mary Hanbury
1 min read
Victoria's Secret is no longer up for sale. Instead, owner L Brands will spin off the lingerie giant into a separate company.
L Brands will spin off Victoria's Secret and split into two separate companies in a deal that could…
Mary Hanbury
1 min read
Victoria's Secret owner wants to sell the lingerie brand in a deal worth $2 billion or more - double what it previously asked for
The CFO of L Brands, which owns Victoria's Secret, told Bloomberg the lingerie giant could be value…
Mary Hanbury
2 mins read
Victoria's Secret's parent company is laying off 850 employees
L Brands is cutting 15% of its workforce at headquarters. L Brands owns Victoria's Secret and Bath …
Madeline Stone
2 mins read
Victoria's Secret parent will spend $90 million on anti-sexual harassment and diversity plans, after shareholders said former leaders created a 'culture of misogyny, bullying and harassment'
Shareholders sued former execs Les Wexner and Ed Razek. One suit alleged they "allowed and enabled …
Mary Hanbury
2 mins read
Victoria's Secret is being sued by a mall landlord for $32 million, alleging it failed to pay rent and abandoned a New York store
According to the lawsuit, Victoria's Secret backed out of a lease on its New York store earlier thi…
Mary Hanbury
2 mins read
Here comes L Brands, the owner of Victoria's Secret...
Josephine Skriver, Elsa Hosk and Jasmine Tookes attend as VS Angels celebrate the Victorias Secret…
Ethel Jiang
1 min read
L Brands once owned an arsenal of popular stores, and its downfall is a sign of how far the American mall has fallen
However, Wexner's propensity to buy up brands, squeeze them for sales, and then sell them at any si…
Bethany Biron
3 mins read
Victoria's Secret partnership with Sycamore Partners implodes after coronavirus
L Brands' future board chair Sarah Nash said that her firm would not engage in a "costly and distra…
Áine Cain
1 min read
Victoria's Secret parent L Brands tumbles on lowered guidance
Victoria's Secret and PINK have long been heralded as stores being resistant to the rise of e-comme…
Lisa Fu
2 mins read
Bath & Body Works sales are booming thanks to overwhelming demand for hand sanitizer, soap and the 'affordable luxury' of body care during the pandemic
L Brands, which owns Bath & Body Works and Victoria Secret, is in the process of spinning off the l…
Bethany Biron
2 mins read
Victoria's Secret Lingerie replaces its CEO after bruising year of store closures and lawsuits
On Wednesday, Victoria's Secret announced a new CEO of the lingerie division without giving a reaso…
Barbara Smith
2 mins read
Victoria's Secret buyer Sycamore Partners wants to back away from the deal, crushing hopes of a turnaround for the lingerie brand
Sycamore Partners agreed to take a majority stake in Victoria's Secret's earlier this year, taking …
Mary Hanbury
2 mins read
Victoria's Secret parent L Brands warns it might not be able to handle the holiday rush, as retailers plan for a shopping season unlike any other
Holiday shopping, typically the biggest season of the year for retailers, is going to be very, very…