Majority stake in Victoria's Secret sold

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Brian Lutz
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Majority stake in Victoria's Secret sold

Post by Brian Lutz »

https://komonews.com/news/business/a-di ... 02-20-2020

Sycamore Brands (which manages companies such as Belk, Hot Topic and Coldwater Creek) is buying a 55% stake in Victoria's Secret from its parent company L Brands. The brand has been struggling lately, with 12% same store sales drops over the past holiday season and questions about the CEO's former ties to Jeffrey Epstein.
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