L BRANDS PROVIDES COVID-19 RELATED UPDATE
L Brands, Inc (LB)
NASDAQ:AMEX Investor Relations:
investors.lb.com
Company Research
Source: GlobeNewswire
COLUMBUS, Ohio, March 17, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today announced a number of actions in response to the continued spread of novel coronavirus (COVID-19). Store Closures and Remote Work With the wellbeing of its customers, associates and communities as its top priority, and to help limit the spread of the Coronavirus, L Brands will temporarily close all Bath & Body Works, Victoria’s Secret and PINK stores in the United States and Canada, effective March 17 through March 29, 2020. Additionally, home office associates have been asked to work from home if possible. All employees will continue to receive pay and benefits during the temporary closure period. These decisions will be re-evaluated as new information becomes available regarding the COVID-19 pandemic. The company will continue to serve customers through its direct channels, www.BathandBodyWorks.com and www.VictoriasSecret.com. Drawdown of Secured Revolving Credit Facility As previously disclo
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