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L Brands Furloughs Workers, Trims Senior Executive Compensation

Stores are opening but will consumers return? Join Cushman & Wakefield and rue21 for the Retail in Recovery webinar June 17 at 2 pm ET.

L Brands Inc. is facing the music. The company, which said earlier this month that it was temporarily closing all Victoria’s Secret, Pink and Bath & Body Works stores, announced plans to cut costs and preserve liquidity on its balance sheet. The Ohio-based company said it is furloughing most store associates plus those not currently…

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