UPDATE 1-L Brands, Sycamore agree to call off Victoria’s Secret deal
L Brands Inc said on Monday it has
agreed to call off the sale of its majority stake in Victoria’s
Secret lingerie business to buyout firm Sycamore, averting a
bitter legal battle between the two companies over the $525
million deal.
agreed to call off the sale of its majority stake in Victoria’s
Secret lingerie business to buyout firm Sycamore, averting a
bitter legal battle between the two companies over the $525
million deal.
Posted by Reuters
