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Victoria's Secret is still hot, hot, hot, but now it's at least as sweaty as it is sex-related. The brand that has been watched by men for decades now stands on its own as a separate - and significantly revamped - company. The business has been separated from its L Brands sibling Bath & Body Works after activist investors accused it of overshadowing the value of the personal care brand and after a failed sale to private equity firm Sycamore Partners last year.