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LB L Brands Inc

79.92
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
L Brands Inc NYSE:LB NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 79.92 0 01:00:00

L Brands Names John Mehas as CEO of Victoria's Secret Lingerie

19/11/2018 10:16pm

Dow Jones News


L Brands (NYSE:LB)
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By Khadeeja Safdar and Maria Armental 

L Brands Inc. said Monday it had hired a Tory Burch executive to take over its flagship Victoria's Secret lingerie business after the chain posted another quarter of declining same-store sales.

The company said John Mehas will be joining Victoria's Secret early next year to replace Jan Singer, who resigned last week. Mr. Mehas currently serves as president of Tory Burch and previously led Club Monaco.

In an earnings commentary, the company attributed the weak performance at Victoria's Secret to a "poor assortment" and at its PINK brand to "fashion errors in loungewear." Customers are responding better to new bras and sleepwear at Victoria's Secret, the company said.

Write to Khadeeja Safdar at khadeeja.safdar@wsj.com and Maria Armental at maria.armental@wsj.com

 

(END) Dow Jones Newswires

November 19, 2018 17:01 ET (22:01 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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