NEW YORK—Victoria’s Secret, which once defined sexy with its leggy supermodels prancing around in their bras and oversized angel wings, is being sold as women increasingly look for styles that more realistically fit their body type.
The company’s owner, L Brands, said that the private-equity firm Sycamore Brands will buy 55 percent of Victoria’s Secret for about $525 million. The Columbus, Ohio, company will keep the remaining 45 percent stake. After the sale, L Brands will be left with its Bath & Body Works chain and Victoria’s Secret will become a private company.
