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    SALEM, Ore. (AP) — Oregon officials believe a $90 million settlement it has reached with the parent company of Victoria’s Secret guarantees an end to its “culture of harassment and fear.” Under the settlement, Victoria’s Secret and Bath & Body Works, owned by L Brands Inc., each committed to invest $45 million over at least five years to protect employees...
    Shares of Victoria’s Secret’s owner surged more than 6 percent on Friday after the company raised its financial outlook for the second time in two weeks. L Brands said “improved sales trends” at the lingerie giant and at its Bath & Body Works chain convinced it to raise its first-quarter earnings guidance to between 85 cents to $1 a...
    More On: victorias secret Les Wexner steps away from board of Victoria’s Secret owner L Brands Owner of Victoria’s Secret, Bath & Body Works raises profit outlook Victoria’s Secret has soared in value during the pandemic Victoria’s Secret interim CEO stepping down Shares of Victoria’s Secret’s owner surged more than 6 percent on Friday after the company raised its...
    In this article LBPedestrians wearing protective masks carry Victoria's Secret Stores LLC shopping bags in San Francisco, California, U.S., on Wednesday, Feb. 17, 2021.David Paul Morris | Bloomberg | Getty ImagesVictoria's Secret-owner L Brands on Friday raised its profit outlook for the first quarter, citing a boost from government stimulus and from loosened Covid-related restrictions. Its stock jumped more...
    More On: victorias secret Owner of Victoria’s Secret, Bath & Body Works raises profit outlook Victoria’s Secret has soared in value during the pandemic Victoria’s Secret interim CEO stepping down Victoria’s Secret is bouncing back despite the pandemic Les Wexner is finally cutting ties for good with his decades-old retail empire, which currently controls the Victoria’s Secret and Bath...
    Things are looking up in 2021 for Victoria’s Secret and Bath & Body Works. Shares of L Brands — the retail empire founded by billionaire Les Wexner that owns the two chains — rose more than 6 percent on Friday after the company raised its financial outlook. The Columbus, Ohio-based company is hiking its earnings guidance “due to strong sales...
    More On: victorias secret Victoria’s Secret has soared in value during the pandemic Victoria’s Secret interim CEO stepping down Victoria’s Secret is bouncing back despite the pandemic Bath & Body Works sales surge, boosting shares of parent L Brands Things are looking up in 2021 for Victoria’s Secret and Bath & Body Works. Shares of L Brands — the...
    Pedestrians walk past a Victoria's Secret store, a subsidiary of L Brands, in New York.Craig Warga | Bloomberg | Getty Images L Brands shares shot up nearly 7% in premarket trading Friday after the company hiked its profit outlook for the current quarter, and said it would be reinstating an annual dividend, paying down debt and buying back shares. L...
    Baltimore approves more than $10 million in new police settlements US senators seek to stop sale of advanced jets to UAE Victoria’s Secret Owner Rises as Quarterly Sales Beat Estimates (Bloomberg) -- L Brands Inc., the owner of Victoria’s Secret and Bath & Body Works, jumped in late trading Wednesday after reporting sales surpassed analysts estimates. © Bloomberg An...
    For the second time in just over a year, L Brands, the parent company of Victoria’s Secret, has hired another law firm to investigate ties between its billionaire founder Les Wexner’s and the late convicted sex offender Jeffrey Epstein. L Brands first enlisted the services of the law firm Davis Polk & Wardwell shortly after Epstein’s arrest in July last...
    Victoria’s Secret owner L Brands plans to slash about 850 corporate jobs as the lingerie chain grapples with a downturn in sales. The Ohio-based company announced the layoffs — which amount to roughly 15 percent of its corporate workforce — on Tuesday under a plan to cut about $400 million in annual costs as it prepares to spin off its...
    By JOSEPH PISANI, AP Retail Writer NEW YORK (AP) — The owner of Victoria's Secret and Bath & Body Works said Tuesday that it is cutting 850 office jobs, or about 15% of its corporate workforce. L Brands, like other retailers, has been dealing with a sharp drop in sales after temporarily closing stores due to the coronavirus pandemic. Levi's,...
    NEW YORK (AP) — The owner of Victoria’s Secret and Bath & Body Works said Tuesday that it is cutting 850 office jobs, or about 15% of its corporate workforce. L Brands, like other retailers, has been dealing with a sharp drop in sales after temporarily closing stores due to the coronavirus pandemic. Levi’s, for example, said earlier this...
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