NEW YORK — Frederick’s of Hollywood is poising itself for a comeback with a new, sophisticated identity.

The 57-year-old Frederick’s, one of the most well-known risqué names in lingerie, has been trying to clean up its act off and on for decades. Now, having emerged from a 2 1/2-year bankruptcy saga in January, the innerwear specialist is broadening its horizons with expanded product categories and an initiative to give its 160 retail units a major face-lift.

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