Victoria’s Secret’s Brazilian debut is emblematic of its corporate parent’s cautious approach. By opening a small outpost in a major international airport, alongside Salvatore Ferragamo (SFER:IM), Tory Burch, and Emporio Armani, L Brands (LB), the Columbus (Ohio)-based parent, is targeting customers who probably already know Victoria’s Secret. Although the $6.7 billion brand has more than 1,000 stores in the U.S., there are just a handful abroad—in Canada, the U.K., and the United Arab Emirates.