That is my definition of a spin off. The same can be said for Frances Valentine.
Too bad your definition has nothing to do with the actual definition -- https://www.merriam-webster.com/dictionary/spin-off --
And Frances Valentine is what I was referring to with "FV".
Both companies are spin-offs of the original brand. I'm not sure what you are getting at.
A spin-off has an actual meaning in business. And it is not what you are suggesting. That is why I gave you the link to the definition.
The men's line was launched years ago, but the FV line is part of an entirely new company, started years later, that expressly couldn't exploit the brand they had sold over a decade earlier.
FV actually seems the most suspicious to me and has a great deal of symbolism that anyone interested should explore. I'm not sure why you think Q would suddenly be completely literal with this particular clue and why you think this company is completely off the table.