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home / news releases / LB - L Brands Slams Sycamore Over Victoria's Secret Deal

LB - L Brands Slams Sycamore Over Victoria's Secret Deal

L Brands Inc.

L Brands (NYSE: LB) filed a scathing response to Sycamore Partners' attempt to back out of its deal to buy Victoria's Secret, saying the private equity firm must live with the choices it made.

"Sycamore ... may regret that they did not negotiate the allocation of pandemic risk differently," L Brand’s lawyers said. "But having made that commercial choice, Sycamore must now live by it."

Image source: Victoria's Secret.

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Stock Information
Company Name: L Brands Inc.
Stock Symbol: LB
Market: NYSE
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