Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Bath & Body Works, Inc. Declares Cash Dividend COLUMBUS, Ohio, Aug. 06, 2021 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE: BBWI) announced today the declaration of its regular quarterly dividend of $0.15 per share payable on Sept. 3, 2021 to shareholders of record at the close of business on Aug. 20, 2021. ABOUT BATH & BODY WORKS: Bath & Body Works is one of the world’s leading specialty retailers and home to America’s Favorite Fragrances® offering a breadth of exclusive fragrances for the body and home, including the #1 selling collections for fine fragrance mist, body lotion ...
Bath & Body Works Invites You to Listen to the Second Quarter 2021 Earnings Call Webcast COLUMBUS, Ohio, Aug. 05, 2021 (GLOBE NEWSWIRE) -- In conjunction with the Bath & Body Works, Inc. (NYSE: BBWI) second quarter 2021 earnings release, which will cross the wire after market close on Wednesday, Aug. 18, you are invited to listen to a live webcast of the conference call on Thursday, Aug. 19 at 9:00 a.m. ET with Bath & Body Works executives. What:Bath & Body Works Second Quarter 2021 Earnings Conference Call Webcast When:9:00 a.m. – 9:30 a.m. ET on Thursday, Aug. 19, 2021 Where: How:Log...
Bath & Body Works, Inc. Completes Separation of Victoria’s Secret COLUMBUS, Ohio, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (formerly known as L Brands, Inc.) (NYSE: BBWI) announced today that it has completed the previously announced separation of its Victoria’s Secret business into an independent, publicly traded company. The new company, named Victoria’s Secret & Co., includes Victoria’s Secret Lingerie, PINK and Victoria’s Secret Beauty. Victoria’s Secret common stock will begin regular-way trading today on the New York Stock Exchange under the ticker symbol “VSCO”. Ba...
L Brands Announces Settlement of Stockholder Derivative Claims COLUMBUS, Ohio, July 30, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) announced today the global settlement of all stockholder derivative claims alleging workplace misconduct at the company, including claims made in derivative stockholder litigations pending in Ohio and Delaware and in stockholder demands sent to the Board of Directors (the “Board”) since February 2020. In the settlement, L Brands has agreed to a suite of corporate governance and management measures, including the maintenance of a Diversity, Equity and I...
L Brands to Host Virtual Investor Meetings for Bath & Body Works and Victoria’s Secret & Co. on July 19th COLUMBUS, Ohio, July 16, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (“L Brands”) (NYSE: LB) announced that it will host virtual investor meetings for Bath & Body Works and Victoria’s Secret & Co. on Monday, July 19, 2021, in advance of the planned August 2021 separation via a tax-free spin-off of the Victoria’s Secret business. Andrew Meslow, CEO of L Brands and Bath & Body Works, and Martin Waters, CEO of Victoria’s Secret & Co., will be joined by members of their senior leadership team...
L Brands Announces Pricing of Secondary Offering COLUMBUS, Ohio, July 14, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (“L Brands”) (NYSE: LB) announced today the pricing of the previously announced underwritten public secondary offering of 20,041,646 shares of its common stock (the “Offering”) by Leslie H. Wexner and certain affiliated selling stockholders (collectively, the “Selling Stockholders”) at a public offering price of $74.50 per share, for an aggregate purchase price of $1.49 billion. The Offering is expected to close on July 19, 2021, subject to customary closing conditions. L Bran...
L Brands Announces Commencement of Secondary Offering and the Repurchase of Its Common Stock COLUMBUS, Ohio, July 13, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (“L Brands”) (NYSE: LB) announced today the commencement of an underwritten public secondary offering of 20,041,646 shares of its common stock (the “Offering”) by Leslie H. Wexner and certain affiliated selling stockholders (collectively, the “Selling Stockholders”). L Brands will not receive any proceeds from the sale of shares by the Selling Stockholders in the Offering. L Brands also announced today that subject to and immediatel...
L Brands Reports Second Quarter-to-Date 2021 Sales and Increases Second Quarter Earnings Guidance Announces Bath & Body Works Capital Structure Actions, Including Authorization of $1.5 Billion Share Repurchase Program COLUMBUS, Ohio, July 13, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) reported net sales of $2.351 billion for the nine weeks ended July 3, 2021, compared to net sales of $1.369 billion for the nine weeks ended July 4, 2020. Second quarter 2020 sales were negatively impacted by the closure of stores for approximately half the quarter due to the COVID-19 pandemic. Sa...
L Brands, Inc. Board Approves Separation of Victoria’s Secret & Co. and Corporate Name Change to Bath & Body Works, Inc. COLUMBUS, Ohio, July 09, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today announced that its Board of Directors (the “Board”) has approved the previously announced separation of the Victoria’s Secret business into an independent, publicly traded company. The new company, named Victoria’s Secret & Co. (“Victoria’s Secret”), will include Victoria’s Secret Lingerie, PINK and Victoria’s Secret Beauty. In addition, the Board approved a name change from L Brands, Inc...
L Brands to Host Virtual Investor Meetings for Bath & Body Works and Victoria's Secret & Co. on July 19th COLUMBUS, Ohio, July 01, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (“L Brands”) (NYSE: LB) announced that it will host virtual investor meetings for Bath & Body Works and Victoria’s Secret & Co. on Monday, July 19, 2021, in advance of the planned August 2021 separation via a tax-free spin-off of the Victoria’s Secret business. Andrew Meslow, CEO of L Brands and Bath & Body Works, and Martin Waters, CEO of Victoria’s Secret & Co., will be joined by members of their senior leadership team...
L Brands Announces Pricing of Upsized $600 Million Offering of 4.625% Senior Notes Due 2029 and $400 Million Term Loan Credit Facility by Its Spin-Off Subsidiary, Victoria’s Secret & Co. COLUMBUS, Ohio, June 30, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (“L Brands”) (NYSE: LB) announced today that the previously announced offering by its subsidiary, Victoria’s Secret & Co. (“Victoria’s Secret”), of $500 million aggregate principal amount of senior notes due 2029 (the “Notes”) was upsized to an aggregate principal amount of $600 million and priced with a coupon of 4.625% in a private placeme...
L Brands Announces Proposed $500 Million Offering of Senior Notes Due 2029 by Its Spin-Off Subsidiary, Victoria’s Secret & Co. COLUMBUS, Ohio, June 29, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (“L Brands”) (NYSE: LB) announced today that its subsidiary, Victoria’s Secret & Co. (“Victoria’s Secret”), is offering to sell $500 million aggregate principal amount of senior notes due 2029 (the “Notes”) in a private placement offering to eligible purchasers, subject to market and other conditions. Victoria’s Secret is a recently formed company, which L Brands intends to separate from its current ...
The general evaluation of L BRANDS (US), a company active in the Apparel Retailers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date June 22, 2021, the closing price was USD 69.09 and its pote...
Rating Action: Moody's places L Brands ratings on review for upgrade. Global Credit Research- 21 Jun 2021. New York, June 21, 2021-- Moody's Investors Service, today placed on review for upgrade L Brands, Inc. long term ratings including its Ba3 corporate family rating, Ba3-PD probability of default rating, Ba3 unsecured guaranteed notes and B2 senior unsecured unguaranteed notes.
L Brands, Inc. Announces Public Filing of Form 10 Registration Statement for Planned Separation of Victoria’s Secret and Availability of Investor Presentation COLUMBUS, Ohio, June 21, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today announced the public filing of a Form 10 registration statement with the U.S. Securities and Exchange Commission in connection with the previously announced separation of the Victoria’s Secret business into an independent, public company. The new company, named Victoria’s Secret & Co., will include Victoria’s Secret Lingerie, PINK and Victoria’s Secret...
L Brands Announces Board of Directors for Standalone Victoria's Secret Board Comprises Exceptional and Diverse Directors with Experience and Expertise to Oversee the New Independent Company COLUMBUS, Ohio, June 16, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today announced the composition of the Board of Directors for the standalone, publicly traded Victoria’s Secret that is expected to be formed through the Company’s separation of its Bath & Body Works and Victoria’s Secret businesses. The new Victoria’s Secret Board is expected to consist of seven directors, six of whom are in...
L Brands Appoints J.K. Symancyk to Board of Directors COLUMBUS, Ohio, May 21, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today announced that it has appointed J.K. Symancyk as an independent member of its Board of Directors, effective May 20, 2021. With this addition, the Board now consists of 11 directors, ten of whom are independent and six of whom are women (including the Chair of the Board). “We are pleased to welcome J.K. to the Board and look forward to benefitting from his deep retail and leadership expertise,” said Sarah E. Nash, chair of L Brands’ Board of Directors. “J....
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