VICTORIA'S SECRET SOLD - AP FILE 1.jpeg
FILE- In this Nov. 8, 2018, file photo model Devon Windsor walks the runway during the 2018 Victoria's Secret Fashion Show at Pier 94 in New York. Victoria's Secret's owner, L Brands, said that the private-equity firm Sycamore Brands will buy 55% of Victoria's Secret for about $525 million. Victoria's Secret will become a private company. (Photo by Evan Agostini/Invision/AP, File)
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L Brands reported a net loss of $296.9 million compared with a profit of $40.3 million a year ago.Â
