COLUMBUS, Ohio — Limited Brands has named Charlie McGuigan, CEO of Mast Global, the company's sourcing and production arm, as COO of Limited Brands. In addition to retaining his current responsibilities, he will assume leadership of enterprise operations. Martyn Redgrave, Limited Brands chief administrative officer, will transition to the role of senior advisor for the company later this summer. "Charlie has exhibited great insight and vast knowledge in a variety of leadership roles at Limited Brands. I appreciate his ability to bring teams together to deliver results and look forward to working with him in his new role," said
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.