Victoria’s Secret wants to break the lease on one of its most expensive stores.
Victoria’s Secret’s parent company L Brands filed a lawsuit in New York Monday to break the lease on one of its most expensive stores.
Millions of people pass through Midtown Manhattan’s Herald Square each year, a popular tourist and shopping destination, which also houses retail giants Macy’s, H&M, Urban Outfitters, Ulta Beauty and American Eagle, among others. Now it is asking a New York judge to break the Herald Square lease and dismiss any requests for rent after March 22, the date New York Gov. Andrew Cuomo issued an executive order pausing New York City nonessential businesses.
Earlier this month, L Brands said it was permanently closing about 250 Victoria’s Secret stores in North America in 2020 and would likely close more the following year.
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