Victoria’s Secret owner announces restructure plans
Company to 'narrowing our focus and simplifying our operating model'
L Brands, the owner of luxury lingerie brand Victoria’s Secret, has announced plans to streamline its operations and focus more on its core merchandise.
“We are making these changes to accelerate our growth and to strengthen the business for the long term, by narrowing our focus and simplifying our operating model.”
Leslie H Wexner, chairman and chief executive of L Brands
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