UPDATE 3-Sycamore Partners backs out of coronavirus-stricken deal for Victoria’s Secret
21 Apr UPDATE 3-Sycamore Partners backs out of coronavirus-stricken deal for Victoria’s Secret
Posted at 22:25h
in
News
by KMFSLLP
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.
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