Headlines

L Brands Reportedly Seeking Buyer for Victoria’s Secret

A deal with Sycamore Partners fell through last year

Published

3 years ago

April 23, 2021

L Brands (Columbus, Ohio) is reportedly looking for a buyer for its Victoria’s Secret business, according to Bloomberg. The company is said to be seeking a valuation of $2 billion to $3 billion in a sale.

“As a result of the substantial improvement in performance at Victoria’s Secret, various sell-side analysts have valued the business at as much as $5 billion,” Chief Financial Officer Stuart Burgdoerfer said in a statement.

Last year, Sycamore Partners cancelled a deal that would give the private equity firm 55 percent control of the apparel brand for $525 million.

Related Topics:L Brands sale Victoria's Secret

Jennifer Acevedo

Jennifer Acevedo is the editor-in-chief and associate publisher of VMSD magazine.

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