Victoria Secret lingerie, models and much more

In 2021, after the resignation of Razek as well as the sale of the company by Wexner, Victoria's Secret's new ownership and management implemented policy changes and new partnerships with a number of new spokeswomen including Megan Rapinoe, Priyanka Chopra Jonas and Naomi Osaka.[77][78] Wexner's parent company L Brands spun Victoria's Secret off to become an independent business (trading on the NYSE as VSCO) on August 3, 2021.[79] Following this brand positioning, Victoria's Secret reported sales increase in all three completed quarters of 2021.[80][81]

Martin Waters was named CEO in 2021, replacing Stuart Burgdorfer who had served as interim CEO.[3] In July 2022 Victoria’s Secret named Amy Hauk chief executive of both the Victoria’s Secret and Pink brands.[82]

In November 2022, it was announced Victoria's Secret has acquired the New York-headquartered lingerie brand, Adore Me for $400 million USD.[8