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L Brands (LB) to Separate Bath & Body Works and Victoria’s Secret Into Two Industry-Leading Publicly Traded Companies

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Go back to L Brands (LB) to Separate Bath & Body Works and Victoria’s Secret Into Two Industry-Leading Publicly Traded Companies

L Brands Announces Plan to Separate Bath & Body Works and Victoria’s Secret Into Two Industry-Leading Publicly Traded Companies

May 11, 2021 7:30 AM EDT

COMPANY PLANS TAX-FREE SPIN-OFF OF VICTORIAS SECRET TO L BRANDS SHAREHOLDERS

SEPARATION TO CREATE ENHANCED PROSPECTS FOR LONG-TERM VALUE CREATION

TRANSACTION EXPECTED TO BE COMPLETED IN AUGUST 2021

EXPECTS TO REPORT RECORD FIRST QUARTER EARNINGS

COLUMBUS, Ohio, May 11, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today announced its Board of Directors has unanimously approved a plan to separate the company into two independent, public companies: Bath & Body Works, one of... More