Shoppers stand in line as they wait for a Victoria’s Secret store to open on Black Friday, at the Tysons Corner Center, in Tysons, Virginia, November 27, 2020.
Hannah McKay | Reuters
L Brands is back in sale talks with potential buyers for its Victoria’s Secret lingerie brand, according to a new report, where it is seeking possibly more than double the $1.1 billion valuation that it had roughly one year ago when a prior deal fell apart.
Hinging on Victoria’s Secret’s recent sales momentum, the company could now target a valuation of at least $2 billion to $3 billion in a potential sale, Bloomberg reported Friday, citing people familiar with the private negotiations.
A representative from L…