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Thursday, May 21


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Master Gardener: What to do if you want pink oxalis in your yard – Daily News

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Master Gardener: What to do if you want pink oxalis in your yard. Pink wood sorrel, or pink wild oxalis, is a perennial in mild climates and an annual in areas prone to freezing temperatures. However, it can be invasive so be careful where you plant it. I have a favorite volunteering plant in several places in my yard in Orange County, and I see it also at my Dad’s house. It is a type of oxalis – growing in a clump with many rather small pink flowers.

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Retail Apocalypse: Victoria’s Secret, Bath & Body Works To Close Hundreds Of Stores – CBS Denver

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Victoria’s Secret announced on Thursday that the company will close 250 stores in the U.S. and Canada and Bath & Body Works will be closing an additional 50 stores nationwide. Earlier this week, Pier 1 Imports announced it would shutter all its remaining 540 stores and J.C. Penny is in the beginning stages of filing for bankruptcy as it continues closing stores nationwide. Earlier this month, Neiman Marcus became the first American department store to file for bankruptcy protection during the coronavirus pandemic. The nearly 200-year-old department store chain is getting ready for a bankruptcy process from which it does not expect to emerge, the report continued, but is holding off the filing and liquidation until it can reopen its stores to sell off the merchandise. And JCPenney, facing a crush debt load of $3.7 billion, disclosed on April 15 that it missed a debt payment and that it was looking at strategic options during the 30-day grace period to make that payment.

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Victoria’s Secret, Bath & Body Works closing stores in Canada, US

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Victoria’s Secret, Bath & Body Works closing stores in Canada, US. (Gray News) – The parent company of Victoria's Secret and Bath & Body Works will close some 300 locations across North America. L Brands announced in a first-quarter earnings report that it will shutter approximately 250 Victoria’s Secret and 51 Bath & Body Works stores in the United States and Canada. “We are closely evaluating all locations, especially more vulnerable centers for risk of closure,” the report said.

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Victoria’s Secret, Bath & Body Works closing stores in Canada, US

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By Ed Payne| May 21, 2020 at 10:46 AM EDT - Updated May 21 at 3:38 PM. L Brands announced in a first-quarter earnings report that it will shutter approximately 250 Victoria’s Secret and 51 Bath & Body Works stores in the United States and Canada. “We are closely evaluating all locations, especially more vulnerable centers for risk of closure,” the report said. Nearly all its stores have been closed since March 17 due to the coronavirus pandemic.

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Tuesday, May 19


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Advancing Women in Product Announces Global Partnership with Pink Innov' to Advance Women in Europe into Tech Leadership Roles

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SAN FRANCISCO, May 19, 2020 /PRNewswire/ -- Advancing Women in Product (AWIP), the organization bridging the diversity gap in technology leadership by training and mentoring high-potential female professionals, announced today their partnership with Pink Innov'. Pink Innov' is a network that encourages innovation and entrepreneurship among executive-level women and their allies, currently most active across France and Europe. To celebrate their partnership, AWIP and Pink are hosting a webinar with Pink Innov' partner organization R20, a United Nations-endorsed environmental non-profit founded by Michèle Sabban and former Governor of California Arnold Schwarzenegger. "It is also the vision of a cleaner world." Since launching the Paris AWIP chapter in October 2018 with AWIP Ambassador Ron Hirson, Chief Product Officer of DocuSign, AWIP, Lou Martinez Sancho, then Chief Innovation Officer of Spie Batignolles and Pink Innov' partnered to create trans-Atlantic dialogues among their members, ranging from incubator leadership at the École Polytechnique, among France's most elite institutions, to a founders pitch night at Kleiner Perkins.

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Tuesday, May 05


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L Brands Stock Falls on Termination of Victoria's Secret Deal

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Also, the deal would have allowed the company to focus on its core brand — Bath & Body Works.Sycamore Partners issued a notice on Apr 22, 2020 purporting to cancel the agreement. Nonetheless, L Brands informed about the future strategy and stated that it is better for the company and shareholders to address the ongoing issues instead of “engaging in costly and distracting litigation to force a partnership with Sycamore.” Talking about the strategy, management intends to make Bath & Body Works chain a “pure-play public company” and Victoria’s Secret, “a separate, standalone company.”Bath & Body Works has been the company’s bright spot, which contributed more than 46% to fourth-quarter fiscal 2019 net sales. In the last reported quarter, comparable sales at Victoria’s Secret brand fell 10%.Nevertheless, management assured that it will undertake all necessary steps to improve brand performance, contain costs, and enhance liquidity.Closing CommentaryL Brands is already bearing the brunt of coronavirus outbreak that has led to the complete shutdown of economic activities, and the cancellation of deal with Sycamore Partners has aggravated the problem. Click to get this free report Costco Wholesale Corporation (COST) : Free Stock Analysis Report Build-A-Bear Workshop, Inc. (BBW) : Free Stock Analysis Report Sprouts Farmers Market, Inc. (SFM) : Free Stock Analysis Report L Brands, Inc. (LB) : Free Stock Analysis Report To read this article on Zacks.com click here.

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Monday, May 04


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L Brands CEO Steps Down, Sycamore Deal Terminated

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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. On April 22, L Brands released a statement that Sycamore Partners delivered a notice purporting to terminate the Feb. 20, 2020 transaction agreement relating to the sale of a 55% interest in Victoria's Secret Lingerie, Victoria's Secret Beauty and PINK. L Brands shares are trading lower by 14.4% at $10.30 in Monday's after-hours session.

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Were Hedge Funds Right About L Brands Inc (LB)?

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We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 months. We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to work. Our research has shown that hedge funds' small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. Unfortunately LB wasn't nearly as popular as these 10 stocks and hedge funds that were betting on LB were disappointed as the stock returned -33% during the four months of 2020 (through May 1st) and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 10 most popular stocks among hedge funds as most of these stocks already outperformed the market in 2020.

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Wednesday, April 22


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Sycamore Partners seeks to end Victoria's Secret deal, L Brands shares plunge

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Sycamore Partners seeks to end Victoria's Secret deal, L Brands shares plunge. Reuters | Apr 22, 2020 16:25. (Reuters) - Investment firm Sycamore Partners is looking to terminate its deal to buy Victoria's Secret from L Brands Inc (N:LB) on grounds that it breached some deal terms, a court filing on Wednesday showed, sending the company's shares down 20%. Earlier this year, L Brands had said it would sell a controlling stake in its Victoria's Secret unit to Sycamore, valuing the lingerie brand at $1.1 billion (889.75 million pounds), to focus on its better-performing Bath & Body Works brand. We have updated our Privacy Policy for GDPR compliance. To learn more click here. We use cookies to personalize your experience and analyze our traffic, and share this information with our partners. If you're happy with this continue to use our site without changing settings, or find out how to manage cookies. +. Live Markets. Markets. Cryptocurrency. Economic Calendar. My Portfolio. Content. News. Analysis. Webinars. Blog. Tools. Currency Converter. Top Brokers. Fed Rate Monitor Tool. Holiday Calendar. Earnings Calendar. Dividend Calendar. Splits Calendar. More. Remove Ads. About Us. Send Feedback. Are you sure you want to sign out?NoYes.

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Victorias Secret sale could be nixed L Brands stock sinks 20

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Victoria's Secret sale could be nixed, L Brands stock sinks 20%. L Brands Inc. lb-9.14% stock sank 20.7% before it was halted on Wednesday after it confirmed that it received notice from Sycamore Partners that the private-equity firm plans to terminate the deal to purchase a 55% stake in Victoria's Secret for $525 million. The deal, which includes the lingerie business, Victoria's Secret Beauty and the Pink brand, was announced February 20. Sycamore Partners has filed a lawsuit in Delaware to call off the transaction, claiming that the measures taken by L Brands amid the COVID-19 outbreak, including not paying April rent, were a violation of the terms of the deal.

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