New York -- L Brands Inc., parent of Victoria's Secret, is bullish when it comes to foreign expansion. The company opened 160 international stores in 2013, for a total of 863 locations. It hopes to add more than 140 this year, according to Columbus Business First.
Victoria's Secret expects to open 100 stores in 2014, including six additional locations in the United Kingdom, the report said.
The first four Victoria’s Secrets in the Middle East opened in 2013, through its franchise agreement with M.L. Alshaya Co. Ten more are expected to open this year. Bath & Body Works franchisees are expected to open 20 to 30 stores this year in the Middle East, southeast Asia and Latin America.