Lillian Vernon’s new role

| Richard H. Levey

(Direct Newsline) Lillian Vernon may be stepping down as CEO from the company she founded in 1951, but she will still be active in determining its direction.

At Deadline

| MCM staff

LIMITED SEEKS TO BUY OUTSTANDING SHARES OF INTIMATE BRANDS The Limited has started an exchange offer to buy back the 16% of Intimate Brands it does not