How much is there really to this story about the CEO resigning from position and selling his stake?
It’s not that I have anything good to say about this leadership, but I’m sure many would agree that the only worse thing that could happen right now is for some hedge fund or a group of money-thirsty investors to take over. So, I think we have the right to be scared, cause this could mean not only massive cuts and reorgs but even breaking up L Brands apart, via selling parts of the company. All and all, tough times are ahead of us.
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My being a Victoria Secret manager for 18 years just got laid off..
Been with this LBrands 3 decades. Hopefully a buy out severance package deal is offered. I would take as well as many others.
Just look at the Staples layoff page and you'll see how great it is to be owned by Sycamore Partners