L Brands, Inc.

L Brands, Inc.

L Brands, Inc.

Overview
Date Founded

1963

Headquarters

3 Limited Parkway,Columbus, OH 43230-1467

Type of Company

Public

Employees (Worldwide)

93.2K

Industries

Retail: Apparel & Footwea

Company Description

L Brands, Inc. engages in the retail business. It is focused on women's intimate and other apparel, personal care and beauty categories. It operates its business through the following segments: Victorias Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International. Its brands include Victorias Secret, Bath and Body Works, Pink, La Senza, and Henri Bendel. The company was founded by Leslie Herbert Wexner in 1963 and is headquartered in Columbus, OH.

Website
Contact Data
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Executives & Employees

Executive Vice President & Chief Financial Officer

Chief Operating Officer

President & Chief Executive Officer, International

Chief Executive Officer, Bath & Body Works

Executive Vice President & Chief Information Officer

Associate Vice President & Chief Information Security Officer

Chief Investor Relations Officer

Partner

Chief Executive Officer, Victoria's Secret Lingerie

Board of Directors

Founder at L Brands, Inc.

President & Chief Executive Officer at Huntington Bancshares, Inc.

Chairman, Chief Executive Officer & President at M/I Homes, Inc.

President at West Virginia University

Chairman & Chief Executive Officer at Teton Financial Services, Inc.

Former Executive Vice President, Marketing at L Brands, Inc.

Founder at Lardon & Associates LLC

Director at Webster Bank NA

Founder at Center For Family Safety & Healing

President at N.A. Properties, Inc.

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L Brands, Inc.
Owners & Shareholders
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PRIMECAP Management Company manages only equity portfolios for a select group of employee benefit and 401(k) plans, endowment funds, foundations, one Taft Hartley, sovereign funds and mutual funds for the Vanguard Group and Odyssey Funds. They invest primarily common stocks or securities with common stock characteristics, bonds and cash/cash equivalents. PRIMECAP utilizes fundamental research and bottom-up stock picking to construct portfolios. They do not attempt to time the market. All portfolios are built with the best ideas of each of the managers within the multi-manager investment process. PRIMECAP's investment strategy does not employ short sales or margin transactions, nor does it permit investments in derivatives or currency hedging.

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SunAmerica Asset Management (SAAM) offers investment management and advisory services primarily to open-end US registered investment companies, including offshore, wholly-owned subsidiaries of certain of the registered funds. In providing services to each subsidiary, the firm oversees a sub-advisor who provides day-to-day portfolio management services to both the subsidiary and the corresponding registered fund. Currently, there are two subsidiaries for which SAAM provides such investment management and advisory services: the Commodity Strategy Subsidiary and the Global Trends Subsidiary.SAAM's Commodity Strategy Subsidiary seeks to achieve long-term total return by investing in a combination of commodity-linked derivative instruments, including commodity futures, swaps, options and options on futures. These investments provide exposure to the return of real assets that trade in the commodities markets without direct investment in physical commodities. Real assets include, but are not limited to, such things as industrial and precious metals, gas, oil, livestock, agricultural or meat products, among others.The firm's Global Trends Subsidiary seeks to achieve capital appreciation by investing primarily in commodity futures contracts and commodity futures-related instruments. The Global Trends Subsidiary expects to invest a significant portion of assets in repurchase agreements collateralized by obligations of the US government and its agencies, and may also invest in other high-quality, short-term securities (money market instruments). The primary purpose of the repurchase agreements and other money market instruments held by the Global Trends Subsidiary is to serve as collateral for the commodity futures instruments; however, these instruments may also earn income.

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Alecta is a long-term, risk-averse manager which follows a growth-and-value investment approach. Their investment philosophy emphasizes cost efficiency, capital appreciation and meeting planned withdrawals. A major part of their assets is invested in fixed-income, focusing on Sweden and Europe.The firm invests in equity across market-caps, favoring Sweden, Europe, the US and Japan. They also manage real estate investments located both in Sweden and abroad, favoring office and commercial space as well as in industrial and residential real estate.Alecta constructs diversified portfolios which they manage against benchmarks with minimal deviation. They actively manage Swedish and US equity, while European and Japanese equity is managed passively to track reference indexes in each market.

Recent Transactions
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L Brands, Inc. purchases American Beauty Ltd. /US

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Alliance Data Systems Corp. purchases Victorias Secret Stores, Inc. /Call Center in Rio Rancho Ops from L Brands, Inc.

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Sycamore Partners Management LP purchases MGF Sourcing US LLC from L Brands, Inc.

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onL Brands, Inc. purchases Intimate Brands, Inc.

Investment Advisor

Advised onL Brands, Inc. purchases Intimate Brands, Inc.

Accountant

Advised onL Brands, Inc. purchases Intimate Brands, Inc.

Legal Advisor

Advised onGolden Gate Private Equity, Inc. purchases Express LLC from L Brands, Inc.

Legal Advisor

Advised onGolden Gate Private Equity, Inc. purchases Express LLC from L Brands, Inc.

Legal Advisor

Advised on purchases L Brands, Inc.

Advisors & Consultants
Advisor

Special Advisor at DK Retail Consulting

Legal Advisor

Partner at Baker & McKenzie LLP

Legal Advisor

Senior Counsel at Davis Polk & Wardwell LLP

Clients

Alibaba Group Holding Ltd. engages in providing online and mobile marketplaces in retail and wholesale trade. It operates through the following segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others. The Core Commerce segment comprises platforms operating in retail and wholesale. The Cloud Computing segment consists of Alibaba Cloud, which offers elastic computing, database, storage and content delivery network, large scale computing, security, management and application, big data analytics, a machine learning platform, and other services provide for enterprises of different sizes across various industries. The Digital Media and Entertainment segment includes the Youko Tudou and UCWeb media properties. The Innovation Initiatives and Others segment involves in the YunOS, AutoNavi, DingTalk, and other businesses. The company was founded by Chung Tsai and Yun Ma on June 28, 1999 and is headquartered in Hangzhou, China.

New York & Co., Inc. engages in the online and retail trade of clothes. Its products include pants, dresses, jackets, knit tops, blouses, sweaters, denim, t-shirts, active wear, accessories, bags, jewelry, and shoes. The company was founded in 1918 and is headquartered in New York, NY.

Lagardère SCA is a holding company, which engages in the media business. It operates through the following segments: Lagardère Publishing, Lagardère Travel Retail, Lagardère Active, and Lagardère Sports and Entertainment. The Lagardère Publishing segment includes book and electronic publishing businesses. The Lagardère Travel Retail segment includes travel essentials, duty free & fashion, foodservice and press distribution. The Lagardère Active segment comprises audiovisual and digital businesses including special interest television channels, audiovisual production and distribution, radio and advertising sales brokerage; and press activities, principally mainstream magazine publishing. The Lagardère Sports and Entertainment segment engages in marketing rights management, organization and management of events, consulting in the management and operation of stadiums and multipurpose venues, content production and media rights management, athlete management and brand consulting. The company was founded in 1826 and is headquartered in Paris, France.

Key Stats and Financials As of 2018
Market Capitalization
$8.88B
Total Enterprise Value
$17.9B
Earnings Per Share
$3.43
Revenue
$12.6B
Five Year Compounded Annual Growth Rate Of Revenue
3.85%
Net Profit
$983M
EBITDAMargin
18.19%
Enterprise Value Sales
1.42x
Enterprise Value EBITDAOperating
7.79x
TEVNet Income
18.21x
Debt TEV
0.32x
Total Debt
$5.79B
Total Equity
$-751M
EBITDA
$2.3B
Three Year Compounded Annual Growth Rate Of Revenue
3.32%
Non-Profit Donations & Grants
Political Donations
$2,500
2013
$2,500
2013
$2,500
2012
Investments
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MGF Sourcing US LLC manufactures and distributes men's, women's and children's apparel. It specializes in wholesale distribution of infants' clothing and accessories. The firm also involves in ideation, product development, sourcing, production, trade compliance, shipping, and warehousing operations. The company was founded in 1970 and is headquartered in Columbus, OH.

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Limited Stores LLC designs and markets women's apparel. It offers garments that include shirts, tops, pants, denim, jackets, sweaters, skirts, dresses, and accessories. The company was founded by Leslie Herbert Lexner in 1963 and is headquartered in New Albany, OH.

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Express LLC operates men's and women's apparel and accessory stores. It offers women's and men's clothing, spring and summer dresses, jeans, suites, women's tops, off the shoulders tops and men's sweaters. The company operate stores across the United States and an online store at Express.com. Express was founded in 1980 and is headquartered in Columbus, OH.

Suppliers
Macerich Co. IT Consulting & Services | McLean, VA

Macerich® (NYSE: MAC) aligns exceptional retail properties in attractive U.S. markets with the business goals of the nation's retailers and the shopping preferences of local consumers. The company is one of the country’s leading owners, operators and developers of major retail properties. Macerich brings long-experienced management and a conservative approach to guiding its dynamic, well-placed portfolio, along with a commitment to retailer success that endures. Macerich properties include many top-performing centers in high-barrier-to-entry markets, including: Queens Center in New York City Tysons Corner Center in Northern Virginia just outside Washington, D.C. Scottsdale Fashion Square in Arizona Broadway Plaza in Walnut Creek, Calif. Washington Square near Portland, Ore

Taubman Centers, Inc. Retail: Other | Bloomfield Hills, Michigan

Taubman was founded by A. Alfred Taubman* in 1950 and is known for its focus on dominant retail malls with the highest average sales productivity in the nation. Taubman creates extraordinary retail environments for shoppers, retailers, communities, and investors. Our portfolio of United States regional and super regional malls, located in major markets from coast to coast, is the most productive in the nation, with 2011 sales per square foot averaging $641. Through our Taubman Asia subsidiary, we are extending the company’s unsurpassed retail real estate expertise to international markets. Taubman is headquartered in Bloomfield Hills, Michigan, with our Taubman Asia subsidiary based in Hong Kong. Taubman began trading on the New York Stock Exchange in 1992 (NYSE:TCO) as a Real Estate Investment Trust and has had one of the highest ten-year total returns within the Mall REIT sector

CBL & Associates Properties Inc. Accounting & Financial Services | Wilmington, DE

CBL & Associates Properties, Inc. is a real estate investment trust, which owns and operates retail properties. The firm engages in owning, developing, acquiring, leasing, managing and operating regional shopping malls, open-air centers, community centers and office properties. It operates through Malls and All Other segments. Its properties include Malls, Associated Centers, Community Centers, Office Buildings, Construction Properties and Mortgages. The company was founded on July 13, 1993 and is headquartered in Chattanooga, TN.

Awards & Honors
Rank #234
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #234
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine