The stocks fell by 6.4 percent to $ 32.33 in pre-trade on Wall Street on Tuesday. "It seems that management does not expect any turnovers in the near future, most likely by most investors," said analyst Jen Redding of the Wedbush brokerage firm. Above all, the reduction in the annual dividend by half to 1.20 $ was painful.
L Brands wants to use the money saved to repay debts. In addition, the company is setting up a new boss on the head of the wild division Victoria's Secret. John Mehas, who worked for the Gap Fashion Shop and Macy's stores store, replaces Jan Singer, who replaced a few days ago in early 2019.