L Brands posts big 1Q gains ahead of Victoria’s Secret and Bath & Body Works split
May 20, 2021
L Brands posted first-quarter earnings of 97 cents a share, up from a loss of $1.07 last year, with sales nearly doubling 2020’s results when the retailer was forced to close stores due to the pandemic. The company’s Victoria’s Secret and Bath & Body Works posted gains ahead of a planned spinoff of the lingerie chain as a separate publicly-traded business.
Recent News
Peloton CEO Steps Down and Layoffs Begin
Peloton, the popular fitness technology company, has announced significant changes in its leadership and organizational structure.
California Restaurants Must Start Eliminating Special Surcharges
Starting July 1, California is changing the game for restaurant bills.
T-Mobile Now Owns Ryan Reynolds-Backed Mint Mobile
The deal is worth upwards of $1.35 billion.
Chipotle Is Giving Away Over $1 Million in Burritos to Healthcare Workers
In acknowledgment of the tireless contributions of healthcare workers, Chipotle Mexican Grill has announced a notable gesture of appreciation: the distribution of 100,000 free burrito e-cards.