Victoria’s Secret Lingerie leaving L Brands

Last week L Brands announced that it's preparing to spin Victoria's Secret Lingerie, which includes Pink and Victoria's Secret Beauty, off into its own independent, publicly held company. This step allows the more successful Bath & Body Works to separate from the struggling lingerie retailer. "We believe the spin-off will enable each company to maximize management focus and financial flexibility to thrive in an evolving retail environment and to deliver profitable growth," said Andrew Meslow, […]