
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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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.
The Victoria’s Secret parent company reported dips in Q4 and full-year 2018 earnings on Wednesday and announced a disappointing outlook for 2019, leading shares in the company to tumble more than 8% in extended trading.
The Victoria's Secret parent company reported a comparable sales drop (stores and direct) of 1 percent in January, driven by an 7 percent drop in store-only comps.
Following a sharp uptick in November, the Victoria’s Secret parent company has reported slipping sales in December 2018, leading its shares to drop almost 8% on Thursday.
Eyewear manufacturer Marcolin has signed an international licence deal with the US fashion group for the production of Victoria’s Secret and Pink eyeglasses and sunglasses, valid until 2023.
L Brands, owner of Victoria's Secret, has announced that it will sell a 100% stake in lingerie brand La Senza to an affiliate of private equity firm Regent LP. The transaction is expected to be completed in January.
L Brands, Inc. has announced net sales of $1.596 billion for November, an increase of 25.9 percent compared to the $1.267 billion reported in the prior-year period.
The Victoria's Secret Fashion Show has hit a record low in TV ratings, with this year's show garnering an audience of 3.27 million, compared to last year's total of 5.37 million; the spectacle's then-rock bottom.
L Brands announced Monday that it will cut its annual ordinary dividend in half and hire a Tory Burch executive to help lead the lingerie chain.
As Victoria’s Secret held its annual fashion show, its Columbus, Ohio-based parent company reported that the lingerie label’s sluggish performance continued to undermine otherwise strong sales growth in October.