Limited Brands CEO Sees Sales Up Four-fold
NEW YORK -- Limited Brands Inc. , the parent of Victoria's Secret and Bath & Body Works, could double the size of its about $9 billion in U.S. sales over the next five years, Chief Executive Leslie Wexner said at a meeting with analysts and investors in New York on Wednesday. The Columbus, Ohio-based company, which only in recent years started to experiment with international expansion, also has the potential to reap another $20 billion in sales outside of North America, Wexner said. Limited Brands shares rose 1.6% in midday trading. They've risen more than half this year.