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OFFON

L BRANDS, INC.

(LB)
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L Brands to test private equity firms' appetite for Victoria's Secret again: NYT

02/23/2021 | 08:26am EDT
A customer passes by an L Brands Inc., Victoria's Secret retail store in Manhattan, New York

(Reuters) - L Brands' bankers at Goldman Sachs would begin pitching buyout firms about a potential sale of its Victoria's Secret lingerie brand as soon as this week, the New York Times reported on Tuesday, citing people with knowledge of the matter.

The Columbus, Ohio-based company's attempt to sell a majority stake in its Victoria's Secret business to Sycamore Partners collapsed last year after the buyout firm alleged that L Brands breached the terms of the deal.

L Brands did not immediately respond to Reuters' request for comment.

Earlier this month, the company said it was aiming to complete the separation of its Victoria's Secret and Bath & Body Works businesses by August, with options including a spin-off of the former into a public company or a private sale of the business.

(Reporting by Praveen Paramasivam in Bengaluru; Editing by Shinjini Ganguli)


ę Reuters 2021
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Financials (USD)
Sales 2022 14 531 M - -
Net income 2022 1 568 M - -
Net Debt 2022 1 475 M - -
P/E ratio 2022 12,7x
Yield 2022 0,63%
Capitalization 21 282 M 21 282 M -
EV / Sales 2022 1,57x
EV / Sales 2023 1,44x
Nbr of Employees 57 350
Free-Float 91,3%
Chart L BRANDS, INC.
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L Brands, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends L BRANDS, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 77,46 $
Average target price 84,05 $
Spread / Average Target 8,51%
EPS Revisions
Managers and Directors
Andrew M. Meslow Chief Executive Officer & Director
Stuart B. Burgdoerfer Chief Financial Officer & Executive Vice President
Sarah Elizabeth Nash Chairman
Donna A. James Independent Director
Michael G. Morris Independent Director
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