Victoria Secret Out Of Business

The news came just weeks after L Brands confirmed that a.

Victoria secret out of business. LB is sounding out private equity firms to test their willingness to have another go at bidding for. L Brands the parent company of Victorias Secret announced on Feb. Thats not nearly as severe as the 241.

Less than a year after the pandemic doomed an effort to sell Victorias Secret to the investment firm Sycamore Partners the lingerie. The New York Times reports owner L Brands NYSE. Victorias Secret is continuing to shrink its store count.

In May of this year reports emerged that Victorias Secret was rethinking the show and may no longer broadcast it on TV. It was only three months ago that Victorias Secret signaled that it may be time to evolve. Its parent company L Brands announced it plans to close up to 50 locations this year in the US.

24 that it would be closing between 30 and 50 of its locations in 2021 amid foundering sales USA Today reports. This is the second year in a row to see significant store shutdowns after the brand announced the permanent closure of nearly 250 shops in May of 2020. Also slated for closure are.

Victorias Secret is slated to close more locations this year even after shutting more than 200 hundreds of locations in 2020CLICK HERE TO READ MORE ON FOX BUSINESSThe lingerie brand will lose between 28 to 46 additional US. Victorias Secret might be back on the market. L Brands also plans to permanently close 50.

Victorias Secret plans to permanently close approximately 250 stores in the US. So far Victorias Secret hasnt announced a plan to shut the doors of all of their stores but theres some writing on the wall. For starters they actually did close many doors in 2019.