L Brands receives bids for Victoria’s Secret but prefers a spin-off
New stand-alone lingerie business is expected to offer more value to shareholders than a sale
11 May 2021 - 17:29
Bengaluru — L Brands said on Tuesday it plans to spin off its Victoria’s Secret business into a stand-alone company, capping a year of weighing strategic options for the brand, including a sale.
The Ohio-based company held talks with multiple interested buyers while reviewing its lingerie line but concluded that a spin-off would offer more value to its shareholders than a sale...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.