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L Brands Furloughs Workers, Trims Senior Executive Compensation

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

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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