VICTORIA'S SECRET SOLD - AP FILE 2.jpeg
This Aug. 11, 2019, photo shows a Victoria's Secret card in New Orleans. 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. (AP Photo/Jenny Kane)
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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
