L BRANDS INC. $79 (www.lb.com) owns several home and apparel retail chains, including the Victoria’s Secret lingerie stores. As part of a new strategy, it will reorganize this business into three divisions: Victoria’s Secret Lingerie, Pink (aimed at younger shoppers), and Victoria’s Secret Beauty. It will also eliminate certain products and stop mailing out catalogues. That will free up cash it can use to expand its online operations and customer loyalty programs. Hold.