- L Brands (NYSE:LB) is up 1.35% after working out an agreement with Barington Capital that will see the hedge fund vote for the retailer's three independent board nominees and be named a special advisor.
- L Brands also submitted a plan to declassify the board so that all members are up for re-election in 2021.
- The SEC filing doesn't mention any specific new plans for the Victoria's Secret or Bath and Body Works businesses.
L Brands gains after working out deal with activist
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