L Brands Inc., formerly known as Limited Brands Inc., posted a 14.4 percent increase in first-quarter net income, which helped it top Wall Street’s projections Wednesday afternoon.
The company, which operates Victoria’s Secret, Bath & Body Works, La Senza and Henri Bendel, said profit for the period ended May 4 totaled $142.5 million, or 48 cents a diluted share. This compared with year-ago profit of $124.6 million, or 41 cents a share.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)