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L Brands has entered into a joint venture (JV) with British retailer Next, who will a acquire a 51 percent majority stake in Victoria’s Secrets UK and Ireland, which is currently in administration.
I'm not surprised Victoria's Secret has dropped its 'feminist' rebrand – I used to work there
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Victoria's Secret's 'sexy for all' strategy boosts sales and shares
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L Brands sells majority stake in Victoria's Secret UK business to Next
850 jobs to be axed at Victoria's Secret HQ - Retail Gazette
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Sycamore Partners pulls out of Victoria's Secret deal — Financier Worldwide
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