|Bid||6,292.00 x 0|
|Ask||6,294.00 x 0|
|Day's Range||6,254.00 - 6,384.00|
|52 Week Range||3,311.00 - 7,358.00|
|Beta (5Y Monthly)||1.18|
|PE Ratio (TTM)||13.34|
|Earnings Date||Sep 17, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec 05, 2019|
|1y Target Est||5,337.47|
European stocks slumped and U.S. stock futures weakened on Thursday, with traders in Europe getting their first chance to react to the Federal Reserve's decision and its cautious outlook on the world's top economy.
After COVID-19 derailed its attempt to sell the Victoria's Secret brand earlier this year, L Brands (NYSE: LB) announced today that Victoria's Secret U.K. will be acquired under a joint venture between Victoria's Secret and Next PLC, the U.K.'s biggest clothing retailer. Next PLC will have a 51% stake in the joint venture. Store operations in the U.K. and Ireland and the corresponding online businesses will come under the control of the joint venture by spring 2021, rather than being directly managed by L Brands.