Sycamore Partners disclosed it has walked away from a $525 million deal to acquire a majority stake in Victoria’s Secret, after the lingerie brand shut down stores and furloughed staff in response to the coronavirus
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117 published items with the word (s) or phrase Bath & Body Works in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
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![]( "Sycamore Partners backs out of L Brands deal for Victoria's Secret")
Sycamore Partners backs out of L Brands deal for Victoria's Secret -
![]( "L Brands extends store closures, halts quarterly dividend")
L Brands extends store closures, halts quarterly dividendL Brands announced on Friday that it is extending temporary store closures at its store banners and taking steps to secure its finances, as a future with Covid-19 remains uncertain.
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![]( "Macy's, Ralph Lauren and Tapestry join North American retailers shutting stores in response to coronavirus")
Macy's, Ralph Lauren and Tapestry join North American retailers shutting stores in response to coronavirusWith North American retailers implementing store closures to combat the spread of Covid-19 since the weekend, Tuesday’s announcements have come from the likes of Macy's, Ralph Lauren, AEO, Foot Locker and Tapestry.
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![]( "L Brands appoints Sarah Nash as board chair")
L Brands appoints Sarah Nash as board chairColumbus, Ohio-based apparel group L Brands Inc. announced on Thursday the appointment of Sarah Nash as chair of the board of directors.
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![]( "L Brands swings to loss as Victoria's Secret sale approaches")
L Brands swings to loss as Victoria's Secret sale approachesAs the Columbus, Ohio-based retailer prepares to sell a controlling stake in its Victoria’s Secret brand to Sycamore Partners, the company has reported a net loss of $192.3 million for the fourth quarter.
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![]( "L Brands sells majority stake in Victoria's Secret, CEO Wexner to step down")
L Brands sells majority stake in Victoria's Secret, CEO Wexner to step downL Brands is selling a controlling stake in its Victoria’s Secret unit to investment firm Sycamore Partners, valuing the lingerie brand at $1.1 billion, as focuses on its core Bath & Body Works brand.
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![]( "Nike expands distributor business model in South America")
Nike expands distributor business model in South AmericaThe American sportswear giant announced on Thursday that it is transitioning its Nike brand business in Argentina, Brazil, Chile and Uruguay to strategic distributor partnerships with local partners Grupo Axo and SBF.
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![]( "L Brands CEO may step down, sell Victoria's Secret")
L Brands CEO may step down, sell Victoria's SecretVictoria's Secret-owner L Brands Chief Executive Officer Leslie Wexner is in talks to step aside from the role and is exploring strategic alternatives for the lingerie brand, according to reports.
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![]( "L Brands reports declining holiday revenues, trims Q4 guidance")
L Brands reports declining holiday revenues, trims Q4 guidanceThe Columbus, Ohio-based owner of Victoria’s Secret and Bath & Body Works announced a decrease of 4.07% in sales over the holiday period on Thursday and cut its guidance for fourth-quarter earnings.
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![]( "L Brands posts widening losses, confirms cancellation of Victoria’s Secret Fashion Show")
L Brands posts widening losses, confirms cancellation of Victoria’s Secret Fashion ShowThe Columbus, Ohio-based fashion retailer announced declining sales and widening losses for the third quarter on Wednesday, and has now confirmed that this year’s Victoria’s Secret Fashion Show will not be taking place.