INSIDER
:strip_exif(true):strip_icc(true):no_upscale(true):quality(65)/cloudfront-us-east-1.images.arcpublishing.com/gmg/N7C3Y53G6FCRJFODB25BEREYKA.jpg)
Victoria's Secret to be spun off a year after sale collapsed
Read full article: Victoria's Secret to be spun off a year after sale collapsedA year after an agreement to sell Victoriaโs Secret fell apart as the pandemic emptied malls nationwide, the chain will be spun off by its owner to become a separate company.
:strip_exif(true):strip_icc(true):no_upscale(true):quality(65)/cloudfront-us-east-1.images.arcpublishing.com/gmg/MSU6GVLLABB3LLZY7FDBOIBLUA.jpg)
Victoriaโs Secret closing dozens more stores
Read full article: Victoriaโs Secret closing dozens more storesA view of Victoria's Secret storefront closed and boarded up on Robson Street during the COVID-19 crisis on April 17, 2020 in Vancouver, Canada. All non-essential retail has been closed to slow the spread of Coronavirus (COVID-19) (Photo by Andrew Chin/Getty Images)Victoriaโs Secret is closing more stores. Parent company L Brands announced it plans to close up to 50 locations this year in the U.S. and Canada. Thatโs not nearly as severe as the 241 stores the lingerie retailer closed in 2020. [TRENDING: How plants solve rapes, murders | Swastikas found on Fla. playground | Proposal seeks major changes to Bright Futures]The move comes after L Brandsโ plan to spin off Victoriaโs Secret fell through.