Bath & Body Works’ Bond Risks Surge as Retailer Cuts Outlook
The cost of protecting Bath & Body Works Inc.’s debt against default jumped to a seven-month high on Thursday, after the retailer cut its fiscal-year outlook and announced a turnaround...
By Ying Luthra · Bloomberg Markets
The cost of protecting Bath & Body Works Inc.’s debt against default jumped to a seven-month high on Thursday, after the retailer cut its fiscal-year outlook and announced a turnaround plan to refocus on its core offerings.