Next Purchase of Victoria's Secret Assets Is a 'Sensible' Move -- Market Talk

Dow Jones Newswires · Sep 15, 2020 17:43

DJ Next Purchase of Victoria's Secret Assets Is a 'Sensible' Move -- Market Talk

0942 GMT - Next's agreement with L Brands Inc. to buy the majority of its Victoria's Secret business assets in the U.K. and Ireland seems to be a sensible bolt-on acquisition, says Shore Capital. The U.K. clothing retailer will be able to leverage its online capability and property expertise to expand Victoria's Secret brand across both countries, the U.K. investment group says, adding that it will be interesting to see how many stores Next ends up keeping in the long term. Shares are up 90.00 pence, or 1.5%, at 6084.00 pence. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

September 15, 2020 05:43 ET (09:43 GMT)

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Next Purchase of Victoria's Secret Assets Is a 'Sensible' Move -- Market Talk

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