LB - L Brands is said to restart talks with PE firms on sale of Victoria's Secret

L Brands (LB) has reportedly restarted talks with PE firms about a sale of Victoria's Secret unit and is targeting a valuation of $2B-$3B in a sale.The L Brands CFO told Bloomberg that the value could even be more, saying some analysts have said it could see as much as a $5B price tag.The Bloomberg articles comes after similar report from the NY Post in late February that said the company could see $4B-$5B in sale.The latest report follows last year's failure of the sale of the Victoria's Secret to Sycamore Partners for $1.1B.

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L Brands is said to restart talks with PE firms on sale of Victoria's Secret