L Brands, Inc. announced a partnership with Next PLC for its company-owned Victoria’s Secret business in the United Kingdom and Ireland.…
L Brands announces second quarter financial results
L Brands, Inc. reported second quarter earnings results with net sales of $2.319 billion for the quarter ended 1st August, 2020, a decrease of 20 percent compared to sales of $2.902 billion for the qu…
L Brands reports first quarter 2020 results
L Brands, Inc.reported a loss per share of $1.07 for the first quarter ended 2nd May, 2020. …
Sycamore terminates acquisition of Victoria’s Secret
L Brands, Inc. announced a mutual agreement with Sycamore Partners to terminate their previously announced transaction.…
Sycamore attempts to back out of Victoria’s Secret’s deal
L Brands, Inc. announced that Sycamore Partners delivered a notice on 22nd April to terminate the agreement to acquire Victoria’s Secret.…
L Brands announces new Chair of the Board of Directors
L Brands, Inc. appointed Sarah E. Nash as Chair of the Board of Directors, effective upon the close of the transaction to sell a majority interest in Victoria’s Secret to Sycamore Partners.…
Victoria’s Secret goes private
L Brands Inc. and Sycamore Partners, a private equity firm specializing in consumer and retail investments, announced a strategic transaction that is intended to deliver long-term value to L Brands sh…
Eward Razek , Victoria’s Secret’s chief marketing officer, resigns
Victoria’s Secret owner L Brands is about to lose its chief marketing officer Edward Razek, who has pushed the retailer’s sexy image as long as he has been there since the early 1980s.…
L Brands bests estimates despite Victoria’s Secret first-quarter sales decline
Victoria’s Secret parent company L Brands recorded first-quarter results that beat Wall Street expectations, despite the lingerie brand’s continuing sales decline.…
L Brands sees sales lift in 2018, profits dip
Victoria’s Secret parent company L Brands said sales for the year increased in 2018 despite decreasing comp sales at the company’s lingerie brand, which led to profits sliding.…