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Victoria’s Secret owner vows to strengthen sexual harassment policy in lawsuit settlement
Victoria’s Secret owner L Brands Inc. agreed to a settlement promising corporate governance and management measures, which includes strengthening policies against sexual harassment.
Other workplace reforms included in the settlement are a $90 million investment in diversity, equity, inclusion initiatives, and hiring a consultant.
The company, which also owns Bath & Body Works, will form an advisory council to oversees these topics.
Victoria’s Secret and Bath & Body Works will each invest $45 million over at least five years to fund the changes.