L Brands calls off deal to sell Victoria’s Secret
May 5, 2020
L Brands has called off its deal to sell a controlling interest in Victoria’s Secret to Sycamore Partners. The equity firm sought to terminate its agreement with L Brands after the retailer was forced to close its stores due to the coronavirus pandemic. L Brands has said it intends to spin off Victoria’s Secret and Bath and Body Works as separate publicly traded companies.
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