Lingerie Brand Victoria's Secret Becomes An Independent Company

Lingerie Brand Victoria’s Secret Becomes An Independent Company

Lingerie brand Victoria’s Secret continues as an independent company. Owner L Brands will separate the division from the care products division Bath & Body Works.


L Brands will thus consist of two separate listed companies. The company confirmed this to American media after reporting on the matter.

L Brands previously unsuccessfully tried to find a new owner for the lingerie brand. The bids went up to over $ 3 billion.

However, that was less than the valuation of between $ 5 billion and $ 7 billion that L Brands expects to divest from the division.

Meanwhile, Victoria’s Secret also faced a series of other challenges.

Thus, the brand fell more and more out of favour. In addition, there were allegations of misogyny and sexual harassment in the workplace.

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