L Brands approves Victoria’s Secret separation
Set to become effective on 2 August 2021, L Brands shareholders will receive one common stock for every three shares of L Brands common stock held as of 22 July
![](https://b855165.smushcdn.com/855165/wp-content/uploads/2020/06/1280px-Victorias_Secret_store_in_Las_Vegas-e1591369041347-895x540.jpg?lossy=1&strip=1&webp=1)
L Brands has announced that it has approved the previously announced separation of Victoria’s Secret into an independent, publicly traded company.