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KM Financial Solutions | UPDATE 1-L Brands sees first-quarter loss, takes $725 mln write-down on Victoria’s Secret
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UPDATE 1-L Brands sees first-quarter loss, takes $725 mln write-down on Victoria’s Secret

25 Feb UPDATE 1-L Brands sees first-quarter loss, takes $725 mln write-down on Victoria’s Secret

Posted at 22:15h in News by
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L Brands Inc forecast a loss for
the first quarter, days after it decided to sell a controlling
stake in its struggling Victoria’s Secret brand, and said on
Wednesday that it took a $725 million impairment charge related
to the struggling lingerie unit in the fourth quarter.

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