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    1. Victoria's Secret Partnership with Sycamore Partners Implodes After Coronavirus

      Victoria's Secret Partnership with Sycamore Partners Implodes After Coronavirus
      • Sycamore Partners will not acquire a majority stake in Victoria's Secret, according to a statement from L Brands on Monday.
      • The private equity firm had valued the lingerie brand at $1.1 billion in February, and planned to acquire a majority stake.
      • In April, Sycamore filed suit against L Brands, arguing that Victoria's Secret's response to the coronavirus pandemic had constituted a breach of contract...
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      Mentions: CFO lawsuit stake
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