LB - L Brands aims to separate Bath & Body Works early next year

Shares of L Brands (LB) are on the move as the company presents today at the Morgan Stanley Virtual Global Consumer & Retail Conference. After being in negative territory, L Brands is now up 0.55%. The company confirmed that it plans to work on separating the Bath & Body Works business sometime early next year. Analysts have been talking up the upside of splitting Bath & Body Works from the Victoria's Secret drag for almost a year.It was also highlighted that demand for Bath & Body Works products remains sky high as it continues to sit as a favored shopping destination (online and stores) for consumers during the pandemic. Webcast of the L Brands conference presentation.

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L Brands aims to separate Bath & Body Works early next year