• La Senza: On the Chopping Block at L Brands

    8 monthes ago - By WWD

    Leslie Wexner isn't done with fashion Darwinism just yet.
    And Wall Street is applauding the L Brands Inc. chief executive officer's willingness to keep cutting.
    The company said it was “pursuing all alternatives” for La Senza, which it estimates is on track for operating losses of $40 million this year on sales of $250 million.
    That effectively puts the lingerie brand on the block just as the firm's much larger Victoria's Secret business struggles to find its footing. L Brands spent $600 million to buy La Senza in 2007.
    Together with last month's decision to shutter Henri Bendel, the...
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