Page 5 - Ul Brands News Today : Breaking News, Live Updates & Top Stories | Vimarsana

First quarter results for the lingerie brand underline the strength of the revamp strategy that has fueled a sales rebound.

Stocks fall in third day of downturn; Bitcoin drops 10.5% DAMIAN J. TROISE and ALEX VEIGA, AP Business Writers May 19, 2021 FacebookTwitterEmail 3 1of3A banner for Squarespace hangs at the New York Stock Exchange, Wednesday, May 19, 2021. The New York-based website-creation platform begins trading with a direct listing at the exchange Wednesday.Mark Lennihan/APShow MoreShow Less 2of3A man walks by a banner for Squarespace at the New York Stock Exchange, Wednesday, May 19, 2021. The New York-based website-creation platform begins trading with a direct listing at the exchange Wedne...

L Brands strips off Victoria's Secret as standalone biz despite sales increase from 2020 Details 12 May 2021 L Brands is spinning off Victoria's Secret to its shareholders instead of selling the brand. The parent company previously evaluated the possibility of either option and also received interest from and held discussions with multiple potential buyers. However, L Brands concluded that separating Victoria's Secret and Bath & Body Works into two separate public companies would provide shareholders with more value than a sale.  L Brands explaine...

10 The owners of lingerie retailer Victoria’s Secret are reportedly back in talks with potential buyers at more than doub Sorry, you need to subscribe to read this article. If you would like to access this article you must become a Premium Subscriber. Premium subscribers receive complete access to our daily breaking news, premium stories, weekly Fundraising & IR Review, Knowledge Bank and LP profiles - all which are accessible via our mobile platform.

Mike Kemp/In Pictures via Getty Images L Brands has reportedly restarted talks to sell Victoria's Secret at a higher price than before.  According to Bloomberg, it wants a deal that could value Victoria's Secret at $2 billion or more. In May 2020, a private-equity firm pulled out of buying a 55% stake in the brand for $525 million.  L Brands, the owner of Victoria's Secret, is reportedly on the hunt for a new buyer after a deal with a private-equity firm fell through last year, and is seeking more than double what it wanted before. Sources familiar with the mat...