Company News, Financial News

Things Get Ugly at Victoria’s Secret

Layoffs and consolidation are in the works.

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By: TOM BRANNA

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Victoria's Secret said Thursday it will lay off 200 employees in Columbus and New York, as part of a restructuring aimed a streamlining the business through the elimination of certain merchandise categories. As part of the restructuring, the lingerie retailer, owned by L Brands Inc. will reorganize into three business units–Victoria's Secret Lingerie, Pink and Victoria's Secret Beauty. “We are making these changes to accelerate our growth and to strengthen the bus...

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