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Victoria’s Secret’s Profitability Plan? Cutting 250+ Stores

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Victoria’s Secret is slimming down. Parent company L Brands Inc. plans to cut 251 owned Victoria’s Secret stores, it said Wednesday in its first-quarter earnings report. The news comes on the heels of L Brands’ contentious spat with Sycamore Partners, which bailed on the $525 million, 55 percent stake in the lingerie label it had…

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