Consider the state of mind of Limited Brands chairman and chief executive officer Leslie H. Wexner at the firm’s annual analyst update in October. So what if the market was tanking and sales were depressed practically industrywide? “I’m really in a good mood today,” said Wexner, with an air of irony, and it was largely because of the retailer’s balance sheet. He said Limited would end the year with $1 billion in cash and $1.3 billion in bank lines the company had no intention to use.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"