OGN - Spin-Off Companies Outperforms The Market The Case For Victoria's Secret October, 29 2021 06:43 PM Organon & Co. Victoria's Secret is a spin-off from L Brands. The company is trading for an extremely attractive valuation. Spin-off companies tend to outperform the market. For further details see: Spin-Off Companies Outperforms The Market The Case For Victoria's Secret