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L Brands to spin off Victoria's Secret - NYT

05/11/2021 07:21
L Brands to spin off Victoria's Secret - NYT

- L Brands Inc LB.N has decided to spin off lingerie brand Victoria's Secret rather than sell it, with the deal expected to close in August, the New York Times reported on Tuesday, citing sources.

L Brands did not immediately respond to a Reuters request for comment.


(Reporting by Praveen Paramasivam in Bengaluru; Editing by Devika Syamnath)

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