L Brands Inc

Victoria's Secret lingerie maker Regina Miracle soared 71 percent giving $1.1B fortune to owner

Victoria's Secret owner became a billionaire as his company soared 71 percent after its initial public offering in the Hong Kong exchange in October.

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Holiday discounts hurt US retailers, boost industry sales overall

Many large US retailers on Thursday dialed back their earnings forecasts because of steep discounts they offered during the holidays. Discounts boosted overall industry sales but hurt profits at many retail chains.

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