AP Business Writer
This Wednesday, Feb. 24, 2021 photo shows the entrance to a Victoria s Secret store at a shopping mall in Pittsburgh. Brands plans to spin off Victoria’s Secret to shareholders in a move that will make the lingerie and beauty products business a separate, public company. L Brands previously announced that it had been evaluating the possibility of either a spinoff or sale of Victoria’s Secret. (AP Photo/Keith Srakocic)
A year after an agreement to sell Victoria’s Secret fell apart as the pandemic emptied malls nationwide, the chain will be spun off by its owner to become a separate company.