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Billionaire’s Sale Of Victoria’s Secret In Jeopardy As Private Equity Firm Seeks To Scrap Deal

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Home Blogs > Business
Apr 22 '20 | By CEO | Views: 45 | Comments: 0

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Sycamore Partners is citing temporary store closures and furloughs as proof the lingerie chain is violating an agreement to operate the business as usual. It had agreed to buy a 55% stake in Victoria’s Secret earlier this year.

Source: https://www.forbes.com/sites/laurendebter/2020/04/22/sycamore-partners-l-brands-victorias-secret-terminate-deal-coronavirus/

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