Company News, Financial News

BBW Is More without Les

Bath & Body Works is poised for growth with a new owner.

Beleagured L Brands just lost its best asset. That's bad news for former CEO Les Wexner but it could be quite liberating for Bath & Body Works.  Last month, private equity firm Sycamore Brands took a majority stake in Victoria’s Secret and intends to take the lingerie brand private, which would leave Bath & Body Works as an independent, publicly-traded company. During L Brands’ fourth-quarter earnings call last week, executives laid out their plan for ensuring that sales continue ...

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