Press Releases

DateTitle 
07/30/21
COLUMBUS, Ohio, July 30, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) announced today the global settlement of all stockholder derivative claims alleging workplace misconduct at the company, including claims made in derivative stockholder litigations pending in Ohio and Delaware and in
07/16/21
COLUMBUS, Ohio, July 16, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (“ L Brands ”) (NYSE: LB) announced that it will host virtual investor meetings for Bath & Body Works and Victoria’s Secret & Co. on Monday, July 19, 2021, in advance of the planned August 2021 separation via a tax-free spin-off of
07/14/21
COLUMBUS, Ohio, July 14, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (“ L Brands ”) (NYSE: LB) announced today the pricing of the previously announced underwritten public secondary offering of 20,041,646 shares of its common stock (the “ Offering ”) by Leslie H.
07/13/21
COLUMBUS, Ohio, July 13, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (“ L Brands ”) (NYSE: LB) announced today the commencement of an underwritten public secondary offering of 20,041,646 shares of its common stock (the “ Offering ”) by Leslie H. Wexner and certain affiliated selling stockholders
07/13/21
Announces Bath & Body Works Capital Structure Actions, Including Authorization of $1.5 Billion Share Repurchase Program COLUMBUS, Ohio, July 13, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) reported net sales of $2.351 billion for the nine weeks ended July 3, 2021, compared to net sales of
07/09/21
COLUMBUS, Ohio, July 09, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today announced that its Board of Directors (the “ Board ”) has approved the previously announced separation of the Victoria’s Secret business into an independent, publicly traded company.
07/01/21
COLUMBUS, Ohio, July 01, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (“ L Brands ”) (NYSE: LB) announced that it will host virtual investor meetings for Bath & Body Works and Victoria’s Secret & Co. on Monday, July 19, 2021, in advance of the planned August 2021 separation via a tax-free spin-off of
06/30/21
COLUMBUS, Ohio, June 30, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (“ L Brands ”) (NYSE: LB) announced today that the previously announced offering by its subsidiary, Victoria’s Secret & Co. (“ Victoria’s Secret ”), of $500 million aggregate principal amount of senior notes due 2029 (the “ Notes ”)
06/29/21
COLUMBUS, Ohio, June 29, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (“ L Brands ”) (NYSE: LB) announced today that its subsidiary, Victoria’s Secret & Co. (“ Victoria’s Secret ”), is offering to sell $500 million aggregate principal amount of senior notes due 2029 (the “ Notes ”) in a private
06/21/21
COLUMBUS, Ohio, June 21, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today announced the public filing of a Form 10 registration statement with the U.S. Securities and Exchange Commission in connection with the previously announced separation of the Victoria’s Secret business into an
06/16/21
Announces Creation of The VS Collective with Leading Icons and Changemakers to Shape the Future of the Brand Establishes Partnerships Focused on Eradication of Women's Cancers NEW YORK , June 16, 2021 /PRNewswire/ -- Victoria's Secret today announced the creation of two new partnerships as the
06/16/21
Board Comprises Exceptional and Diverse Directors with Experience and Expertise to Oversee the New Independent Company COLUMBUS, Ohio, June 16, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today announced the composition of the Board of Directors for the standalone, publicly traded Victoria’s
05/21/21
COLUMBUS, Ohio, May 21, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today announced that it has appointed J.K. Symancyk as an independent member of its Board of Directors, effective May 20, 2021. With this addition, the Board now consists of 11 directors, ten of whom are independent and six
05/21/21
COLUMBUS, Ohio, May 21, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) announced today the declaration of its regular quarterly dividend of $0.15 per share payable on June 18, 2021 to shareholders of record at the close of business on June 4, 2021.
05/19/21
COLUMBUS, Ohio, May 19, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today reported first quarter 2021 earnings results.   The company reported earnings per share of $0.97 for the first quarter ended May 1, 2021 compared to a loss per share of $1.07 for the first quarter ended May 2, 2020.
05/19/21
COLUMBUS, Ohio, May 19, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today announced the appointment of Chief Financial Officers for the standalone Bath & Body Works and Victoria’s Secret businesses. Upon the completion of the spin-off of Victoria’s Secret, which is targeted to occur in
05/11/21
– COMPANY PLANS TAX-FREE SPIN-OFF OF VICTORIA’S SECRET TO L BRANDS SHAREHOLDERS – – SEPARATION TO CREATE ENHANCED PROSPECTS FOR LONG-TERM VALUE CREATION – – TRANSACTION EXPECTED TO BE COMPLETED IN AUGUST 2021 – – EXPECTS TO REPORT RECORD FIRST QUARTER EARNINGS – COLUMBUS, Ohio, May 11, 2021 (GLOBE
05/06/21
COLUMBUS, Ohio, May 06, 2021 (GLOBE NEWSWIRE) -- In conjunction with the L Brands (NYSE: LB) first quarter 2021 earnings release, which will cross the wire after market close on Wednesday, May 19, you are invited to listen to a live webcast of the conference call on Thursday, May 20 at 9:00 a.m.
03/26/21
COLUMBUS, Ohio, March 26, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today is increasing its first quarter earnings guidance due to improved sales trends which the company believes are primarily driven by unusual shifts in consumer spending patterns, resulting from government stimulus
03/18/21
– APPOINTS FRANCIS A. HONDAL AND DANIELLE LEE TO BOARD OF DIRECTORS – – LES AND ABIGAIL WEXNER WILL NOT STAND FOR REELECTION TO BOARD IN MAY 2021 – COLUMBUS, Ohio, March 18, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today announced that Francis Hondal, president of loyalty and engagement
03/12/21
Raises First Quarter Earnings Guidance COLUMBUS, Ohio, March 12, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today announced actions it is taking to further enhance shareholder value. The company’s Board of Directors has authorized the following: The repayment of $1.035 billion of debt
03/01/21
COLUMBUS, Ohio, March 01, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE:LB) is scheduled to participate in the J.P. Morgan Global High Yield & Leveraged Finance Conference on March 2, 2021. Stuart Burgdoerfer, executive vice president and chief financial officer, will be making a presentation at
02/24/21
COLUMBUS, Ohio, Feb. 24, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today reported 2020 fourth quarter and full-year results. Fourth Quarter Results The company reported earnings per share of $3.03 for the fourth quarter ended Jan. 30, 2021, compared to a loss per share of $0.70 for the
02/11/21
COLUMBUS, Ohio, Feb. 11, 2021 (GLOBE NEWSWIRE) -- In conjunction with the L Brands (NYSE: LB) fourth quarter 2020 earnings release, which will cross the wire after market close on Wednesday, Feb. 24, you are invited to listen to a live webcast of the conference call on Thursday, Feb.
02/04/21
Martin Waters Promoted to CEO of Victoria’s Secret Raises Fourth Quarter Earnings Guidance COLUMBUS, Ohio, Feb. 04, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) announced today that Stuart Burgdoerfer has communicated to the Board of Directors his desire to retire as CFO of L Brands and
01/07/21
COLUMBUS, Ohio, Jan. 07, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) reported net sales of $3.836 billion for the nine weeks ended Jan. 2, 2021, compared to net sales of $3.906 billion for the nine weeks ended Jan. 4, 2020. Comparable sales increased 5 percent for the nine weeks ended Jan.