L Brands previously had an agreement with private

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L Brands, which owns the company, said the 250 store closures might just be the start: It warned it could close more stores over the next few years. There are approximately 1,100Victoria Secret locationsin North America.Chief Financial Officer Stuart Burgdoerfer said in an earnings call Thursday that it was a significant decision that is intended to Victoria Secret. L Brands previously had an agreement with private equity firm Sycamore Partners to take the retailer private, but the firm decided to pull out of the agreement in early May citing temporary store closures sparked by the coronavirus pandemic.L Brands also said it was closing 50 Bath Body Works stores, mostly in mall locations where it doesn expect foot traffic to regain pre pandemic normalcy.

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