By A Mystery Man Writer
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 to be spun off by L Brands following collapsed Sycamore Partners sale
Struggling Victoria's Secret changing hands through sale of controlling stake for $525m, Business News
Next strikes deal to save Victoria's Secret's UK business and hundreds of jobs - Cambridgeshire Live
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