L marks for the spin-off from Victoria’s Secret – NYT

© Reuters. FILE PHOTO: A Victoria’s Secret store is pictured in Liverpool following the coronavirus disease (COVID-19) outbreak in Liverpool, Britain, on June 5, 2020. REUTERS / Molly Darlington / File Photo

(Reuters) – L Brands Inc (NYSE 🙂 has decided to outsource the lingerie brand Victoria’s Secret instead of selling it. The transaction is expected to close in August, the New York Times reported Tuesday at https://nyti.ms/2R91NYd, citing sources.

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

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