Headlines

Sycamore Partners Close to Victoria’s Secret Acquisition

L Brands nears the finalization of its deal to sell its Victoria’s Secret brand to Sycamore Partners, which could be announced by next week

Published

4 years ago

February 10, 2020

VMSD Staff

L Brands CEO Les Wexner has faced criticism due to his and the company’s ties to Jeffery Epstein and for the declining performance of the Victoria’s Secret brand under his leadership.

The terms of the deal are still in the air, with negotiations underway, according to CNBC, though it stated that both companies have declined to comment on the matter.

Shares of L Brands continue to decrease, falling nearly 10 percent in 2019.

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