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L Brands to invest US$90 million in workplace reform - Global Cosmetics News

L Brands to invest US$90 million in workplace reform - Global Cosmetics News
globalcosmeticsnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalcosmeticsnews.com Daily Mail and Mail on Sunday newspapers.

Morgan Stanley brings modern flare to New Albany

L Brands to separate Bath & Body Works, Victoria s Secret into independent companies

The Board said the separation will allow business to achieve its best opportunities for growth. Credit: AP Photo/Rogelio V. Solis A Victoria s Secret store and a Bath & Body Works store, both part of the Limited Brands corporation, are open and waiting for customers n Flowood, Miss., Tuesday, Nov. 17, 2009. Author: Brandon Bounds, Associated Press Published: 8:25 AM EDT May 11, 2021 Updated: 9:59 AM EDT May 11, 2021 COLUMBUS, Ohio L Brands Inc. announced Tuesday it plans to separate Bath & Body Works and Victoria’s Secret into two independent companies. In a release, The Board of Directors said that the decision would provide shareholders with more value than a sale.

With Victoria s Secret sale talks on, L Brands aims for higher price: Bloomberg

Dive Brief: As L Brands again looks to potentially sell Victoria s Secret, the banner could fetch a higher sale price than in last year s failed deal with Sycamore Partners. The lingerie chain s parent, L Brands, has been back in talks with prospective buyers and is now eyeing a valuation of $2 billion to $3 billion for Victoria s Secret, Bloomberg reported Thursday.  As a result of the substantial improvement in performance at Victoria s Secret, various sellside analysts have valued the Victoria s Secret business at as much as $5 billion, CFO Stuart Burgdoerfer said in a statement emailed to Retail Dive and other media. The Board and our management team continue to evaluate both a potential spin-off of the Victoria s Secret business into a separate public company and a sale of the business.

Cavs owner Dan Gilbert ranks 23rd on Forbes billionaires list; Les Wexner is Ohio s wealthiest

Cavs owner Dan Gilbert ranks 23rd on Forbes billionaires list; see Ohio’s wealthiest Updated 4:07 AM; Today 3:21 AM Facebook Share CLEVELAND, Ohio Cavaliers owner Daniel Gilbert is worth an estimated $51.9 billion, ranking him 23rd among the most wealthy people in the world, according to a list from Forbes. That would easily make Gilbert, who made most of his fortune as the co-founder of Quicken Loans but also has several other business interests, the wealthiest person in Ohio. Gilbert, 59, is a Michigan resident, however, making him tops in that state up north. Gilbert purchased in the Cavs in 2005 for $375 million. The team’s estimated value is now $1.56 billion.

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