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Sycamore, L Brands call off deal for Victoria's Secret.
May 5, 2020
By: Happi Staff
COVID-19 ultimately knocked out a severly weakened L Brands, which announced a mutual agreement with Sycamore Partners to terminate a previously announced transaction. Following the announcement, L Brands said it remains committed to establishing Bath & Body Works as a pure-play public company and is taking the necessary steps to prepare the Victoria’s Secret Lingerie, Victoria’s Secret Beauty and PINK businesses (collectively, Victoria’s Secret) to operate as a separate, standalone compan...
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