Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

L Brands Inc Add to portfolio

INX:LB, Sep 30, 04:36 UTC

Latest INX:LB News

Filter your feed

Apply Filter

Monday, September 14


News

L Brands Announces Partnership with Next PLC for Victoria’s Secret UK NYSE:LB

LB NXT

September 14, 2020 16:50 ET | Source:L Brands, Inc. 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 clearance, Victoria’s Secret U.K. and Next PLC have formed a joint venture (“JV”), where the JV will acquire the majority of the assets of the Victoria’s Secret U.K. business that is currently in Administration. Martin Waters, CEO of L Brands International, commented “We are pleased to take this next step in our profit improvement plan for Victoria’s Secret. Rob Harding, Administrator at Deloitte, said “This is an ideal way to secure the future of more than 500 employees in the U.K. We are grateful to the creditors for working with us to deliver a solution that enables this business to survive and prosper.”.

Read Full Details

Topics:
  • Business
  • Financial

Monday, September 07


News

Hedge Funds Dipping Their Toes Back Into General Dynamics Corporation (GD)

LB GD

The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of June 30th, when the S&P 500 Index was trading around the 3100 level. Since the end of March, investors decided to bet on the economic recovery and a stock market rebound. With hedge funds' sentiment swirling, there exists a select group of notable hedge fund managers who were increasing their holdings meaningfully (or already accumulated large positions). Unfortunately GD wasn't nearly as popular as these 10 stocks and hedge funds that were betting on GD were disappointed as the stock returned 0.7% during the same time period 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 many of these stocks already outperformed the market so far this year.

Read Full Details

Topics:
  • Business
  • Financial

Thursday, August 20


News

Estee Lauder, Marathon fall; L Brands, Synopsys rise

LB EL

NEW YORK (AP) — Stocks that moved heavily or traded substantially Thursday:. American Airlines Group Inc., down 18 cents to $12.50. The airline is halting flights to 15 smaller U.S. cities in October as low demand continues to hurt the industry. An appeals court allowed Uber and Lyft to continue to treat their drivers as contractors in California while an appeal proceeds.

Read Full Details

Topics:
  • Business
  • Financial
  • Health
News

Estee Lauder, Marathon fall; L Brands, Synopsys rise

LB EL

NEW YORK — Stocks that moved heavily or traded substantially Thursday:. American Airlines Group Inc., down 18 cents to $12.50. The airline is halting flights to 15 smaller U.S. cities in October as low demand continues to hurt the industry. An appeals court allowed Uber and Lyft to continue to treat their drivers as contractors in California while an appeal proceeds.

Read Full Details

Topics:
  • Business
  • Financial

Wednesday, August 19


News

L Brands reports surprise profit on demand for soaps, lingerie

LB

(Reuters) - L Brands Inc <LB.N> on Wednesday reported a surprise quarterly profit boosted by strong demand for Bath & Body Works' sanitizers and soaps, as well as higher online sales of Victoria's Secret lingerie during coronavirus-led lockdowns. The pandemic-fuelled temporary store closures, which have pushed many retailers into bankruptcy, led to 850 jobs cuts at L Brand's home office and permanent closing of some Victoria's Secret stores, after a stake sale in the unit fell apart. The company's direct channel, which includes its online store that remained open throughout the quarter, proved to be a bright spot as customers flocked to shop virtually. With the busy holiday season soon approaching, L Brands said it was testing ideas to spread its holiday merchandise to a broader time period, and to introduce some merchandise into the current quarter.

Read Full Details

Topics:
  • Business
  • Financial

Friday, July 31


News

OTC Markets Upgrades ReelTime "RLTR" to Highest Possible Tier of All Companies Trading on the OTC Markets Pink to Pink "Current Information"

LB

The Company Profile must also be verified through OTCIQ in order to qualify for this tier as well as verifications from the Company's transfer agent. OTC Markets has reflected this change at https://www.otcmarkets.com/stock/RLTR/overview . Barry Henthorn, CEO, stated: "ReelTime is committed to maintaining the highest possible standards regarding our transparency and disclosure criteria. The Company will continue to increase its corporate governance to qualify for a senior exchange while executing its business plan." About OTC Markets Group: OTC Markets Group is an American financial market providing price and liquidity information for almost 10,000 over-the-counter securities.

Read Full Details

Topics:
  • Business
  • Financial

Wednesday, July 29


News

AMD, L Brands rise; Boeing, Six Flags fall

LB BA

The chip maker reported an even bigger jump in profit from April through June than Wall Street expected. The jet maker's losses ballooned to $2.4 billion in the second quarter, and it will cut production and jobs as demand for aircraft withers. The movie theatre chain reached a deal with Universal to shorten the exclusive theatrical window to just 17 days from the typical 90 days. The former film giant will get a $765 million government loan to retool to make pharmaceutical ingredients that are in chronically short supply. Norfolk Southern Corp., up $7.72 to $192.82.

Read Full Details

Topics:
  • Business
  • Financial
News

AMD, L Brands rise; Boeing, Six Flags fall

LB BA

The chip maker reported an even bigger jump in profit from April through June than Wall Street expected. The jet maker's losses ballooned to $2.4 billion in the second quarter, and it will cut production and jobs as demand for aircraft withers. The movie theater chain reached a deal with Universal to shorten the exclusive theatrical window to just 17 days from the typical 90 days. The former film giant will get a $765 million government loan to retool to make pharmaceutical ingredients that are in chronically short supply. Norfolk Southern Corp., up $7.72 to $192.82.

Read Full Details

Topics:
  • Business
  • Financial

Tuesday, July 28


News

L Brands Provides Update on Progress in Executing Go-Forward Strategy NYSE:LB

LB

In the second quarter of fiscal 2020, the company expects to record pre-tax severance costs of approximately $75 million related to the headcount reductions described below. A reduction of its home office headcount by approximately 15%, or about 850 associates, following completion of the previously announced review of its home office organizations in order to achieve meaningful reductions in overhead expenses and decentralize significant shared corporate and other functions and services in support of creating standalone companies. In China, the company closed its unprofitable flagship store in Hong Kong, is close to resolution to either close or restructure lease terms on other unprofitable stores and has implemented a significant overhead expense reduction plan. Andrew Meslow, CEO of L Brands, commented, “The Board and management remain committed to separating the Bath & Body Works and Victoria’s Secret businesses, as well as improving the profitability of the Victoria’s Secret business. Our teams are focused on safely welcoming our customers to our Bath & Body Works and Victoria’s Secret locations and providing merchandise to meet their needs, while continuing to adhere to evolving local and state guidelines.”.

Read Full Details

Topics:
  • Business
  • Financial

Thursday, July 09


News

Hublot Launches the Big Bang Millennial Pink

LB

NYON, Switzerland, July 9, 2020 /PRNewswire/ -- In an ever-changing world, Hublot stays true to its philosophy of being first, unique, different: unveiling a new Big Bang, christened Millennial Pink, designed in collaboration with Garage Italia and Lapo Elkann. This Big Bang Millennial Pink that we have created with Lapo Elkann from Garage Italia sits perfectly within this pioneering vision. Our expertise in materials technology has enabled us to create a unique colour for this watch, Millennial Pink, symbolic of the world available to us, in its constant state of flux." "At Garage Italia, we want to be part of a world where the character of every person is defined by their love of life and their inclusivity, rather than by their power or their superiority. More than simply a product, we want to create something which represents a positive change."

Read Full Details

Topics:
  • Business
  • Technology
  • Entertainment
  • Science