L Brands (LB) Tops Q3 EPS by 1c, Raises Q4 EPS Guidance; Cuts Dividend in Half, Names John Mehas VS CEO

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Go back to L Brands (LB) Tops Q3 EPS by 1c, Raises Q4 EPS Guidance; Cuts Dividend in Half, Names John Mehas VS CEO

L Brands (LB) Names John Mehas CEO of Victoria's Secret Lingerie

November 19, 2018 4:35 PM EST

L Brands (NYSE: LB) announced today that John Mehas has been named CEO of Victorias Secret Lingerie, effective early 2019, replacing Jan Singer, who has resigned.

John is an outstanding retail merchant and we could not be more excited for him to lead Victorias Secret Lingerie to a new phase of... More

L Brands (LB) Cuts Dividend In Half

November 19, 2018 4:34 PM EST

L Brands (NYSE: LB) said after extensive review, the Board of Directors plans to reduce the companys annual ordinary dividend to $1.20 from $2.40 currently, beginning with the quarterly dividend to be paid in March 2019. The planned reduction will result in a dividend payout... More