Press Releases

DateTitle 
09/16/20
COLUMBUS, Ohio , Sept. 16, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) announced today that, in connection with its offers (the “ Tender Offers ”) to purchase for cash its outstanding (i) 5.625% Senior Notes due 2022 (the “ 2022 Notes ”), (ii) 5.625% Senior Notes due 2023 (the “ 2023 Notes
09/16/20
COLUMBUS, Ohio , Sept. 16, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) announced today that its previously announced offering to sell $750 million aggregate principal amount of senior notes due 2030 (the “ 2030 Notes ”) was upsized to an aggregate principal amount of $1 billion and priced
09/16/20
COLUMBUS, Ohio , Sept. 16, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) announced today that it is offering to sell $750 million aggregate principal amount of senior notes due 2030 (the “ 2030   Notes ”) in a private placement offering to eligible purchasers, subject to market and other
09/16/20
COLUMBUS, Ohio , Sept. 16, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) announced today that it has commenced tender offers (the “ Tender Offers ”) to purchase for cash its outstanding (i) 5.625% Senior Notes due 2022 (the “ 2022 Notes ”), (ii) 5.625% Senior Notes due 2023 (the “ 2023 Notes
09/14/20
COLUMBUS, Ohio , Sept. 14, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today announced a partnership with Next PLC (LON:  NXT) for its company-owned Victoria’s Secret business in the United Kingdom and Ireland (“Victoria’s Secret U.K.”). Under the agreement, which is subject to regulatory
08/19/20
COLUMBUS, Ohio , Aug. 19, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today reported second quarter earnings results. Consistent with expectations disclosed in the company’s July 28, 2020 business update, net sales were $2.319 billion for the quarter ended Aug.
08/10/20
COLUMBUS, Ohio , Aug. 10, 2020 (GLOBE NEWSWIRE) -- In conjunction with the L Brands (NYSE: LB) second quarter 2020 earnings release, which will cross the wire after market close on Wednesday, Aug. 19 , you are invited to listen to a live webcast of the conference call on Thursday, Aug.
07/28/20
Announces Approximately $400 Million in Annualized Cost Reductions Company has Reopened Most Bath & Body Works and Victoria’s Secret Stores in North America COLUMBUS, Ohio , July 28, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today provided an update on actions the company is taking to
06/18/20
COLUMBUS, Ohio , June 18, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) announced today the closing of its previously announced offering to sell $750 million aggregate principal amount of 6.875% senior secured notes due 2025 (the “ Secured Notes ”) and $500 million aggregate principal amount
06/04/20
COLUMBUS, Ohio , June 04, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) announced today the pricing of its previously announced offering to sell $750 million aggregate principal amount of 6.875% senior secured notes due 2025 (the “ Secured Notes ”) and $500 million aggregate principal amount
06/04/20
COLUMBUS, Ohio , June 04, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) announced today that it is offering to sell $750 million aggregate principal amount of senior secured notes due 2025 (the “ Secured Notes ”) and $500 million aggregate principal amount of senior notes due 2025 (the “
05/20/20
COLUMBUS, Ohio , May 20, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today reported first quarter results. On May 4, 2020 , the company outlined its go-forward strategy to drive long-term shareholder value. As part of this strategy, the company remains committed to establishing Bath & Body
05/13/20
COLUMBUS, Ohio , May 13, 2020 (GLOBE NEWSWIRE) -- In conjunction with the L Brands (NYSE: LB) first quarter 2020 earnings release, which will cross the wire after market close on Wednesday, May 20 , you are invited to listen to a live webcast of the conference call on Thursday, May 21 at 9:00 a.m.
05/04/20
Mutual Agreement with Sycamore Partners to Terminate  Previously Announced Transaction Remains Committed to Establishing Bath & Body Works as a Pure-Play Public Company ; Taking Necessary Steps, Including Implementing Cost Reductions and Performance Improvements, to Prepare Victoria’s Secret
04/30/20
Taking Additional Actions to Strengthen Financial Position COLUMBUS, Ohio , April 30, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today announced that the company has amended its revolving credit facility and continues to take proactive measures to appropriately manage costs and expenditures
04/27/20
COLUMBUS, Ohio , April 27, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today announced that its upcoming 2020 Annual Meeting of Stockholders (Annual Meeting) will now be held in a virtual-only format, via audio webcast, due to public health concerns related to the coronavirus (COVID-19)
04/22/20
COLUMBUS, Ohio , April 22, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today announced that Sycamore Partners delivered a notice on April 22, 2020 purporting to terminate the Feb. 20, 2020 transaction agreement  (“Transaction Agreement”) relating to the sale of a 55% interest in Victoria’s
03/27/20
COLUMBUS, Ohio , March 27, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today provided additional updates on actions it is taking, following its initial March 17, 2020 announcement related to the novel coronavirus pandemic (COVID-19). Store and Direct Operations On March 17, 2020 , L Brands
03/17/20
COLUMBUS, Ohio , March 17, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today announced a number of actions in response to the continued spread of novel coronavirus (COVID-19). Store Closures and Remote Work With the wellbeing of its customers, associates and communities as its top priority,
03/12/20
COLUMBUS, Ohio , March 12, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today announced the appointment of 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 .
02/26/20
- Bath & Body Works Reports Record Fourth Quarter  and Full-Year Results  - - L Brands Provides First Quarter 2020 Guidance - COLUMBUS, Ohio , Feb. 26, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today reported 2019 fourth quarter and full-year results.
02/20/20
Bath & Body Works to Become Focused, Standalone Public Company Majority 55% Interest in Victoria’s Secret Lingerie, Victoria’s Secret Beauty and Pink to be Acquired by Sycamore Partners , With L Brands Retaining 45% Minority Stake, at a Total Enterprise Value of $1.1 Billion Upon Closing of
02/14/20
COLUMBUS, Ohio , Feb. 14, 2020 (GLOBE NEWSWIRE) -- In conjunction with the L Brands (NYSE: LB) fourth quarter 2019 earnings release, which will cross the wire after market close on Wednesday, Feb. 26 , you are invited to listen to a live webcast of the conference call on Thursday, Feb.
02/03/20
COLUMBUS, Ohio , Feb. 03, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) announced today the declaration of its regular quarterly dividend of $0.30 per share payable on March 6, 2020 to shareholders of record at the close of business on Feb. 21, 2020 .
01/09/20
COLUMBUS, Ohio , Jan. 09, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) reported net sales of $3.906 billion for the nine weeks ended Jan. 4, 2020 , compared to net sales of $4.072 billion for the nine weeks ended Jan. 5 , 2019.  Comparable sales decreased 3 percent for the nine weeks ended