L Brands Inc. managed higher profits in the second quarter and ended the period in a tidy inventory position.
The Columbus, Ohio-based operator of Victoria’s Secret and Bath & Body Works generated net income of $188.4 million, or 63 cents a diluted share, 5.3 percent above the year-ago quarter’s bottom-line finish of $178.9 million. On average, analysts expected earnings per share of 62 cents.
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?"