1. Victoria's Secret-parent L Brands Rockets Higher Following a Report That its Billionaire Owner is Looking to Sell the Brand

    Victoria's Secret-parent L Brands Rockets Higher Following a Report That its Billionaire Owner is Looking to Sell the Brand
    • Victoria's Secret-owner L Brands surged as much as 16% in early Wednesday trading after The Wall Street Journal reported owner Les Wexner is in discussions to step down as CEO and sell the lingerie giant.
    • The talks are reportedly ongoing, and could involve the full or partial sale of the brand, or end without any deal, sources familiar with the matter told The Journal...
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