UPDATE 3-Sycamore Partners backs out of coronavirus-stricken deal for Victoria’s Secret
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.
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.
Posted by Reuters
