Page 6 - Ul Brands News Today : Breaking News, Live Updates & Top Stories | Vimarsana

This Mother's Day, Victoria's Secret is once again partnering with local non-profit agencies to support our Adopt-A-Mom program that identifies and supports mothers and families in need. For nearly 30 years, through Victoria's Secret's parent company, the L Brands Foundation has contributed more than $14 million to non-profit organizations whose missions support critical needs of mothers and families. The Mother's Day campaign launches on VictoriasSecret.com and the brand's social channels today and will be featured in the 2021 Mother's Day magalog hitting homes Monday, April 26th. In celebr...

L Brands Surges on First-Quarter Guidance, Debt Repayment Plan L Brands boosts its first-quarter guidance and plans to reinstate its dividend. Author: L Brands  ( LB) - Get Report shares were higher Friday after the parent of Victoria's Secret, Pink and Bath & Body Works raised its first-quarter guidance and unveiled steps to repay debt, buy back shares and reinstate its annual dividend. Shares of the Columbus, Ohio, company at last check were 6.1% higher at $59.26. L Brands said in a statement that the board had authorized repayment of $1.04 billion of debt by calling $285 million of bonds...

Raises First Quarter Earnings GuidanceCOLUMBUS, Ohio, March 12, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today announced actions it is taking to further enhance shareholder value. The company’s Board of Directors has authorized the following: The repayment of $1.035 billion of debt through a call of all $285 million of the outstanding bonds due February 15, 2022 and all $750 million of the outstanding secured bonds due July 1, 2025. The company issued this call on March 12, 2021 and anticipates using $1.1 billion in cash to complete the debt repayment.A new $500 million share ...

(Bloomberg) -- L Brands Inc.’s shares surged after the U.S. retailer reinstated its dividend and raised its first-quarter earnings forecast, signaling an improving outlook ahead of a separation of its Victoria’s Secret business.The company, which also owns Bath & Body Works, restored an annual dividend of 60 cents a share, effective in June, according to a statement Friday. It raised its guidance for first-quarter earnings to a range of 55 cents to 65 cents a share, from the previous forecast of 35 cents to 45 cents. Analysts were looking for 37 cents, according to data comp...

L Brands plans to close up to 50 more Victoria's Secret stores in 2021 while opening 50 more Bath & Body Works locations in the U.S. and Canada.