Find in the news:
BY COUNTRY

Victoria's Secret will become a public company



L Brands does not intend to sell its women's lingerie brand Victoria's Secret and separate it into a separate public company.
Victoria's Secret - Depositphotos

The parent company split will result in the addition of another L Brands brand, Bath & Body Works, becoming a separate business. It will presumably happen in August of this year.

The companies will be separated by a proportional distribution among the shareholders of L Brands' ordinary shares of the newly formed business. The new company will include Victoria's Secret Lingerie, PINK, and Victoria's Secret Beauty. The head of the company will be Martin Waters, its current CEO.

A possible division of Victoria's Secret was reported by L Brands as early as last year. The possibility of selling the brand to a private investor was also considered. According to The New York Times, L Brands has received many offers from investors worth more than three billion dollars. 

However, the company did not agree to the deal because it intends to have a valuation in the neighborhood of five to seven billion dollars. Analysts at Citigroup previously valued Victoria's Secret as a separate company at five billion dollars, Wells Fargo and Credit Suisse at more than four billion dollars.

"The spin-off will provide more value to shareholders than its sale," the press release about Victoria's Secret's upcoming spin-off noted. A recent agreement between L Brands and investment firm Sycamore Partners valued Victoria's Secret brand at $1.1 billion. It was announced last February.

During the pandemic, Victoria's Secret sales declined dramatically. After branded stores closed and sales fell, Sycamore Partners sued L Brands, intending to pull out of the deal. L Brands, in turn, filed a countersuit, seeking to enforce the terms of the agreements. As a result, the contract was terminated last May.

More about shopping malls in the USA



TODAY, USA:
The 2,600-square-foot outlet is located in East Hampton, N.Y.
TODAY, United Kingdom:
The tenth store in the new experimental concept opened in Henfield, West Sussex.
YESTERDAY, USA:
Sales of major brands continue to grow, despite the difficult economic situation.
YESTERDAY, India:
The retail space is located in the Dhan Mill complex.
DAY BEFORE YESTERDAY, United Kingdom:
The pop-up store will be open until June 5, 2023.
DAY BEFORE YESTERDAY, China:
The more than 13,000-square-foot outlet will close due to the expiration of its lease.
Friend
and Follow
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets
Woodfield Mall GLA:2 200 000 SF
ADDRESS: 5 Woodfield Mall, Schaumburg, IL 60173
USA . Schaumburg
Woodfield Mall
Designer Outlet Provence GLA:269 098 SF
ADDRESS: Mas de la Peronne, Miramas, France
France . Miramas
Designer Outlet Provence
Greenwood Park Mall GLA:1 164 000 SF
ADDRESS: 1251 US Highway 31 N, Greenwood, IN 46142-4514
USA . Greenwood
Greenwood Park Mall


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us