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L Brands to spin off Victoria’s Secret by August, hoping to nab higher valuation

Panorama of a city business district with office buildings and skyscrapers and superimposed data, charts and diagrams related to stock market, currency exchange and global finance. Blue line graphs with numbers and exchange rates, candlestick charts and financial figures fill the image with a glowing light. Sunset light.

L Brands said it received interest from multiple potential buyers, but its board concluded that the spinoff would fetch more value than a sale.

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