bath & body works]
Bloomberg | By Anders Melin, Tom Metcalf, Sophie Alexander
UPDATED ON FEB 21, 2020 03:54 PM IST
L Brands announced that it will be chopped up. Bath & Body Works will be turned into a standalone public company. Victoria’s Secret, the crown jewel that for decades defined the women’s lingerie segment but now is increasingly at odds with the definition of beauty, will be sold to private equity firm Sycamore Partners, with L Brands keeping a minority stake.