Bath & Body Works CEO Andrew Meslow to step down due to health reasons

Bath & Body Works CEO Andrew Meslow to step down due to health reasons


Pedestrians walk past a Bath & Body Works store.

Craig Warga | Bloomberg | Getty Images

Bath & Body Works Chief Executive Officer Andrew Meslow is resigning from his role due to health reasons, the retailer announced Thursday in a securities filing.

Meslow will also be leaving his position as a member of Bath & Body Works’ board.

The changes will be effective May 12. The filing did not specify the nature of Meslow’s health issues.

Meslow took over as CEO of Bath & Body Works in May 2020, when it was still operating under the L Brands parent company alongside the lingerie maker Victoria’s Secret. He had been with the business for more than a decade prior.

L Brands split into two publicly traded retailers, Bath & Body Works and Victoria’s Secret, last year.

During the Covid pandemic, Bath & Body Works has been a retail winner thanks to its massive hand sanitizer and soaps business. As consumers have scooped up candles and other self-care items while spending more time at home, its sales have also seen a lift.

For the three-month period ended Jan. 29, Bath & Body Works reported net sales of $3 billion, up 11% from a year earlier.

Following a run-up in 2021, its shares are down about 22% year to date.

Find the securities filing from Bath & Body Works here.



Source

Chipotle to launch Adobo Ranch dip after sluggish start to the year
Business

Chipotle to launch Adobo Ranch dip after sluggish start to the year

Chipotle Mexican Grill’s new Adobo Ranch dip Source: Chipotle Mexican Grill Chipotle Mexican Grill is hoping that Americans’ love for ranch will boost its sales. On June 17, the burrito chain is launching Adobo Ranch, a spicier take on the iconic condiment that has transcended salads to adorn pizza, chicken wings and chips. The menu […]

Read More
Sports agency Elevate launches 0 million college investment as payment landscape evolves
Business

Sports agency Elevate launches $500 million college investment as payment landscape evolves

STATE COLLEGE, PA – DECEMBER 21: Drew Shelton #66 of the Penn State Nittany Lions before a game between SMU and Penn State at Beaver Stadium on December 21, 2024 in State College, Pennsylvania. (Photo by Roger Wimmer/ISI Photos/Getty Images) Roger Wimmer/isi Photos | Getty Images Sport | Getty Images As the college athletics landscape […]

Read More
Warner Bros. Discovery to split into two public companies by next year
Business

Warner Bros. Discovery to split into two public companies by next year

Warner Bros. Discovery plans to split into two public companies by next year, the media giant announced Monday, the latest upheaval in the industry as consumers transition from cable to streaming. Warner Bros. Discovery will separate into Streaming and Studios, which will include its movie properties and streaming service HBO Max, and Global Networks, which […]

Read More