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Victoria's Secret investor looks to back out of deal

2020-04-23 13:49:00| Daily apparel & textile news and comment - from just-style.com

Sycamore Partners, the private equity firm due to take a majority stake in L Brands' lingerie unit Victoria's Secret, is looking to back out of the deal - news that saw the company's shares sink 15% yesterday (22 April).

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Sycamore Seeks to Terminate Deal to Acquire Victorias Secret

2020-04-22 18:34:00| National Real Estate Investor

The private equity firm has filed a court complaint that Victorias Secret parent L Brands has violated covenants of the purchase agreement.

Tags: deal secret seeks acquire

 
 

Victorias Secret Sells Control to Sycamore; Wexner Steps Down

2020-02-20 16:26:00| National Real Estate Investor

Sycamore Partners agreed to buy a 55 percent stake in the chain in a deal that values it at $1.1 billion.

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Victoria's Secret stake sale values firm at $1.1bn

2020-02-20 15:41:51| BBC News | Business | UK Edition

The lingerie firm has previously been criticised for not being inclusive of all body types.

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L Brands sells majority stake in Victoria's Secret

2020-02-20 14:45:00| Daily apparel & textile news and comment - from just-style.com

Private equity firm Sycamore Partners has taken a majority stake in Victoria's Secret, in a deal current owner, L Brands, says will deliver long-term value to shareholders.

Tags: brands secret majority sells

 

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