L Brands in deal to open Victoria’s Secret, Bath & Body Works stores in Israel
Victoria’s Secret and Bath & Body Works stores will open in Israel, reportedly starting in the second half of 2021.
Parent company L Brands has signed an agreement with Delta Galil, whose brand portfolio includes Seven For All Mankind, Bare Necessities, Spendid, Karen Neuburger among others, and a European franchise partner to open the stores. Overall, 20 Bath & Body Works stores and seven Victoria’s Secret branches will open in Israel, reported the Times of Israel.
L Brands has said it still plans to spin off Victoria’s Secret into a private company, leaving Bath & Body Works as a standalone public firm. But no date for the spinoff has been announced.