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Tag: sycamore

Sycamore Partners to acquire control of Victoria’s Secret

Victoria’s Secret, which once dominated the lingerie category with its sexy image, will go private in a deal that shows how far the brand as fallen out of favor.  Private equity firm Sycamore Partners will acquire a 55% share in Victoria’s Secret from its owner L Brands for $525 million, the companies announced Thursday. Upon the …

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Talks to sell Victoria’s Secret to Sycamore Partners to spill into next week

Josephine Skriver attends the debut of Victoria’s Secret’s new fall collection at Natick Mall on August 17, 2019 in Natick, Massachusetts. Taylor Hill | Getty Images Talks to sell L Brands‘ Victoria’s Secret brand to private equity firm Sycamore Partners will spill into next week, as the complex deal structure creates headaches for its advisors, …

Talks to sell Victoria’s Secret to Sycamore Partners to spill into next weekRead More

L Brands nears sale of Victoria’s Secret to Sycamore

People are seen inside the newly opened Victoria’s Secret shop in Shanghai on February 24, 2017. Johannes Eisele | AFP | Getty Images L Brands is nearing a deal to sell its Victoria’s Secret brand to private equity firm Sycamore Partners in a deal that could be announced as soon this week, people familiar with …

L Brands nears sale of Victoria’s Secret to SycamoreRead More