Wednesday, March 6, 2019

Hedge fund wants L Brands to spin off Victoria's Secret

CNN Business
Struggling retailer L Brands reported lousy earnings last week because its Victoria's Secret chain continues to lose customers. One investor has had enough.

James Mitarotonda, CEO of activist hedge fund Barington Capital, urged L Brands to make some big changes Tuesday. Barington Capital owns a small stake in L Brands.. . . more