L Brands will shed its name and become part of the Bath & Body Works banner.
Including stock and option awards, all made at least $12 million.
Victoria’s Secret sees same-store sales growth
Spin-off plan aims to net higher valuation.
L Brands is reportedly in talks with potential buyers for the lingerie brand yet again
A deal with Sycamore Partners fell through last year
Wexner will not stand for re-election to the company’s board at its annual shareholders meeting in May.
