Struggling Victoria's Secret sold
1 month ago - By Drapers
Victoria's Secret's parent company, L Brands, has sold a majority stake in the US lingerie brand.
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After Deal, Can Victoria's Secret Be Turned Around?
1 month ago - By WWD
Victoria's Secret has been sold - and now the question is whether it can stem its slide.
At least for now, Wall Street continues to have its doubts. Shares of L Brands Inc. closed down 3.6 percent Thursday to $23.42 each, and are down roughly 13-and-a-half percent year-over-year - or more than 75 percent since the company's peak in October 2015.
Things might be easier once the retailer becomes part of Sycamore Partners' portfolio and out of the spotlight of the Street. Victoria's Secret's parent L Brands said Thursday it had sold 55 percent of the intimates giant to Sycamore for $525...
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