L Brands sells majority stake of Victoria's Secrets' UK business
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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.
Victoria's Secret is going private. It's only worth $1.1 billion
Victoria's Secret is going private. It's only worth $1.1 billion
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