L Brands, Sycamore Partners scrap $525m Victoria’s Secret Lingerie deal
US fashion retailer L Brands and private equity firm Sycamore Partners have agreed to mutually terminate the previously announced $525m sale of a 55% stake in Victoria’s Secret Lingerie to the latter. The termination of the deal avoids a potential legal battle between the parties after Sycamore Partners filed a lawsuit in the Court of […]