In 2021, L Brands (NYSE: LB) completed the separation of the Victoria’s Secret business into an independent, public company through a tax-free spin-off to L Brands shareholders. The new company, named Victoria’s Secret & Co., includes Victoria’s Secret Lingerie, PINK and Victoria’s Secret Beauty. Victoria’s Secret & Co. is a NYSE listed company trading under the ticker symbol VSCO. As of 2023, L Brands operates solely as Bath & Body Works, Inc. Previously, L Brands included popular retailers, including The Limited, Victoria's Secret, PINK, Bath & Body Works, Henri Bendel, Lane Bryant, Lerner Stores, and Abercrombie & Fitch. Also L Brands changed its name to Bath & Body Works, Inc. and now trades under the ticker symbol BBWI.

L Brands

Fashion & Apparel

United States of America

The Fashion and Apparel Industry is a behemoth in the global economy.  The size of the industry has been steadily growing, and the industry offers countless lucrative opportunities. Trends within the fashion and apparel industry that may influence U.S. employment in coming years include consolidation of businesses in the retail sector, increased use of e-commerce by consumers, improved technology decreasing the need for garment manufacturing workers, and the continued use of cheap labor in countries such as China to produce apparel. A robust American economy has pushed the millennial shopper to the forefront of consumerism. They are quickly setting the pace for redefining our retail environment, and the fashion & apparel industry as a whole. Economically, the apparel industry is an essential segment for investments, revenue, trade, and employment worldwide.

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