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L Brands is moving forward with its plan to separate Victoria’s Secret from the rest of its business as it reorganizes it to create an independent company “that one could reasonably market for a sale,” said Stuart Burgdoerfer, the intimates brand’s interim CEO, during the first quarter earnings call this morning.
However, Burgdoerfer said that much work remains to be completed to strengthen Victoria’s Secret’s foundation and allow it “to navigate appropriately through this unprecedented situation for retail.”
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