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L Brands Is Approaching Victoria’s Secret Selling Deal with Sycamore Partners

L Brands is nearing a deal to sell its Victoria’s Secret brand. The buyer is Sycamore Partners, a private equity firm specializing in retail and consumer investments. The details of the deal have not been revealed.In January, there appeared rumors about L Brands considering selling Victoria’s Secret brand and its CEO Lex Wexner stepping down. According to those familiar with the matter, the acquiring company is Sycamore Partners, a private equity firm specializing in retail and consumer...

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