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The owner of Victoria's Secret tumbles after missing on sales, halving its dividend, and replacing its CEO (LB)

Business Insider Tuesday, 20 November 2018
The owner of Victoria's Secret tumbles after missing on sales, halving its dividend, and replacing its CEO (LB)· *L Brands, the owner of Victoria’s Secret, beat on adjusted profits but slightly missed on sales.*
· *The company also slashed its annual dividend by half, in order to raise cash and reduce liabilities.*
· *Victoria's Secret CEO Jan Singer has resigned and Tory Burch's president John Mehas will replace Singer early...
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News video: Victoria's Secret has a new CEO for its lingerie business (LB)

▶ Victoria's Secret has a new CEO for its lingerie business (LB) 00:33

According to Business Insider, Victoria's Secret has a new CEO to run its lingerie business. The President of Tory Burch, John Mehas will be taking up the position. He will be replacing former CEO Jan Singer. The company is trying to change CEO's to raise it's quarterly earnings and to help it gain...

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