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Sycamore Partners backs out of coronavirus-stricken deal for Victoria's Secret

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Home Blogs > Business
Apr 22 '20 | By oiam2companyadmin | Views: 46 | Comments: 0

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Buyout firm Sycamore Partners disclosed on Wednesday it had walked away from a $525 million deal to acquire a majority stake in Victoria's Secret, after the lingerie brand shut down stores and furloughed staff in response to the coronavirus outbreak.
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Source: https://www.reuters.com/article/us-victoria-s-secret-m-a-sycamore-partne/sycamore-partners-backs-out-of-coronavirus-stricken-deal-for-victorias-secret-idUSKCN2242JB?feedType=RSS&feedName=businessNews

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