By  on December 13, 2018

L Brands, parent company to Victoria’s Secret, announced Thursday the sale of La Senza, its smaller intimates brand.

The price of the sale was not disclosed, but according to the agreement, which is expected to be complete in January, L Brands will transfer all assets, including ownership and operating control of all of La Senza’s North American stores, web site and international partnerships to private equity firm Regent LP. There are currently more than 120 La Senza stores in the U.S. and Canada.

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