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l-brands-to-spin-off-victoria-s-secret-by-august-hoping-to-nab-higher-valuation

L Brands to spin off Victoria's Secret by August, hoping to nab higher valuation

L Brands said Tuesday it will spin off its Victoria's Secret brand rather than selling it. The company said its board concluded that the spinoff would fetch more value than a sale. The transaction, in which Victoria's Secret and Bath & Body Works will become two separate publicly traded companies,...
Read more on: newsbreak.com