LB - L Brands: The Victoria's Secret Sale Could Be In Jeopardy
Source: Fortune
According to Women's Wear Daily, the sale of Victoria's Secret by L Brands (LB) could be in jeopardy:
Parent company L Brands’s deal to sell a 55-percent stake of the Victoria’s Secret lingerie and beauty divisions, along with the Pink business, to private equity firm Sycamore Partners was expected to close in 2020’s second quarter. But as the economy slows to a near standstill amid the coronavirus pandemic, retail and fashion brands have been some of the hardest-hit sectors.
In its annual report filed with the Securities and Exchange Commission