L Brands Inc at Morgan Stanley Global Consumer Conference (Virtual) Transcript

Dec 02, 2020 / 06:00PM GMT
Kimberly Conroy Greenberger - Morgan Stanley, Research Division - MD

Hi. My name is Kimberly Greenberger, and I'm the softlines specialty retail analyst here at Morgan Stanley, and we're very pleased to host the management of L Brands today. L Brands is a $10 billion-plus market cap specialty retailer that generated nearly $13 billion in total sales in 2019.

It operates about 3,000 stores worldwide across 70 countries. L Brands is a segment leader focused on women's intimate and other apparel, personal care, beauty and home fragrance products across 2 iconic brands, Victoria's Secret and Bath & Body Works.

Today, we're joined by L Brands and Bath & Body Works, Chief Executive Officer, Andrew Meslow. Before assuming his role as the CEO of Bath & Body Works in February and CEO of L Brands in May, Andrew has served as the Chief Operating Officer of Bath & Body Works, where he led several areas of the business, including finance, merchandise planning and allocation, store operations and its e-commerce channel.

Prior to that, he served as EVP and CFO of Bath &

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