Date of report (Date of earliest event reported): April 7, 2016 | ||
L Brands, Inc. | ||
(Exact Name of Registrant as Specified in Its Charter) | ||
Delaware | ||
(State or Other Jurisdiction of Incorporation) | ||
1-8344 | 31-1029810 | |
(Commission File Number) | (IRS Employer Identification No.) | |
Three Limited Parkway Columbus, OH | 43230 | |
(Address of Principal Executive Offices) | (Zip Code) | |
(614) 415-7000 | ||
(Registrant's Telephone Number, Including Area Code) | ||
Not Applicable | ||
(Former Name or Former Address, if Changed Since Last Report) |
• | Restructuring the organization into three business units: Victoria’s Secret Lingerie, PINK and Victoria’s Secret Beauty. The leaders of these business units will continue to report directly to Leslie H. Wexner, chairman and CEO. |
• | Integrating the direct business as a primarily digital channel within the Victoria’s Secret and PINK businesses to align with how customers engage with the brands. |
• | Focusing resources on core merchandise categories, where the Company believes the greatest growth potential exists. This will involve the elimination of certain merchandise categories. |
• | Evolving how the business connects with customers through more focus on loyalty programs and brand-building engagement rather than traditional catalogues and offers. |
• | Streamlining the organization through the elimination of approximately 200 Columbus and New York home office associates. |
L Brands, Inc. | |||
Date: | April 7, 2016 | By: | /s/ STUART B. BURGDOERFER |
Stuart B. Burgdoerfer | |||
Executive Vice President and Chief Financial Officer |