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L Brands set to sell Victoria’s Secret for over $1 billion

4 mins read

The FINANCIAL — L Brands reportedly is close to a deal to sell control of Victoria’s Secret to Sycamore Partners. L Brands is expected to keep a 45 per cent stake in the separate company, which will include the Pink chain. Meantime, hundreds of Victoria’s Secret bras have reportedly been found discarded in a bin close to a closed branch of the lingerie store in Colorado. Mr. Wexner, 82, is the longest-serving chief executive in the S&P 500. He turned Victoria’s Secret into the world’s most recognizable lingerie brand before facing serious questions about his leadership based on the company’s…

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L Brands set to sell Victoria’s Secret for over $1 billion

4 mins read

The FINANCIAL — L Brands reportedly is close to a deal to sell control of Victoria’s Secret to Sycamore Partners. L Brands is expected to keep a 45 per cent stake in the separate company, which will include the Pink chain. Meantime, hundreds of Victoria’s Secret bras have reportedly been found discarded in a bin…