Limited Brands Inc. announces leadership changes at its Bath and Body Works and Victoria's Secret brands. Diane Neal, president and chief operations officer for Bath and Body Works, has been promoted to chief executive officer.
Reuters reporting on the findings of a Credit Suisse survey said that China is on course to become the world's second-largest consumer market by 2015, with the United States being first.
Procter & Gamble Co. (P&G) sold its Sure deodorant brand to Innovative Brands, the same company that bought Pert shampoo from the company earlier this year.