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Victoria's Secret: Fall of the Angels

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US-based lingerie retailer Victoria's Secret Stores Brand Management, LLC (Victoria's Secret) was started by a man who had been embarrassed to shop for lingerie for his wife and aimed to make the lingerie purchasing experience more comfortable for men. In 2020, after struggling to adapt to changing consumer habits and tastes and suffering from decreasing quality in its products and increasing competition from online retailers, the company faced a final blow from the effects of the COVID-19 pandemic. Revenue streams were drying up, stores were closing, and the company was struggling with a tarnished image resulting from its links to the Jeffrey Epstein scandal. Its parent company's top management team and board of directors now faced a critical decision: Should they attempt to repair Victoria's Secret's brand image and fight to strengthen sales, sell the Victoria's Secret brand, or spin off the brand?
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