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L Brands CEO Steps Down, Sycamore Deal Terminated
Monday, May 4, 2020 - 4:59pm | 225Read More...L Brands (NYSE: LB) shares are trading lower after the company announced a "mutual agreement" with private equity firm Sycamore Partners to terminate their previously announced transaction. Also, Leslie Wexner will step down as CEO and chairman of the board of L Brands. He will remain a...
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Victoria's Secret Owner Reportedly In Talks To Sell The Company
Thursday, January 30, 2020 - 5:00am | 434Read More...Billionaire Leslie Wexner is reportedly looking to step down as the chief executive officer of his company L Brands Inc. (NYSE: LB) and sell his stake in the subsidiary brand, the Victoria's Secret. What Happened L Brands is in talks with New York-based private equity firm Sycamore Partners for...
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Here's Why L Brands Lost More Than 3% On Friday
Friday, February 12, 2016 - 2:48pm | 293Read More...Shares of L Brands Inc (NYSE: LB) were trading lower by more than 3 percent on Friday after the company announced that Victoria's Secret CEO Sharen Jester Turney has resigned from the company. Turney joined L Brands as President and CEO of Victoria's Secret Direct in 2000 and assumed total...
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L Brands: Good News For Shareholders In Sales Report, Less Excitement On Wall Street
Thursday, February 4, 2016 - 9:57am | 203Read More...L Brands Inc (NYSE: LB) had plenty of good news for investors in a fourth-quarter sales report Thursday morning, but Wall Street wasn't biting in pre-market trading. The clothing retailer posted fourth-quarter revenues of $4.395 billion, cruising past analyst estimates of $4.37 billion. The company...
