Victoria's Secret continued to weigh on sales, but management is hopeful a turnaround is in store with the sale to Sycamore Partners.
News & Analysis: L Brands
L Brands is now the home to just one brand -- Bath & Body Works.
Longtime CEO Leslie Wexner will also step down.
Sycamore Partners has a reputation for stripping a company bare for its own benefit.
Share volatility and rumors of a Victoria’s Secret sale stir up uncertainty for investors.
A potential divestment is in the works.
The pain for shareholders may be over.
Even if a buyer is willing, the retail conglomerate's debt load and liabilities are muddying matters.
The most recognizable name in lingerie may be more of a project than any buyer wants to tackle.
Analysts are upgrading L Brands, but declining revenue at the Victoria’s Secret chain means recovery still remains far off.