L Brands names Mehas as new Victoria’s Secret CEO

Nov. 19, 2018 5:53 PM ETBath & Body Works, Inc. (BBWI)BBWIBy: Carl Surran, SA News Editor2 Comments
  • L Brands (NYSE:LB) names Tory Burch president John Mehas as the new CEO of Victoria's Secret, effective early next year, replacing Jan Singer, who resigned earlier this month.
  • Mehas previously led Club Monaco for 13 years and had stints at the Gap and Bloomingdales.
  • LB -5.4% after posting Q4 results that included another decline in same-store sales for the chain, attributed to a "poor assortment" and at its PINK brand to "fashion errors in loungewear."

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