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Victoria’s Secret Parent, Sycamore Partners Call Off Deal

L Brands Releases Private Equity Firm From $525 Million Bid While Charting a Fresh Course
L Brands has a new spinoff plan for Victoria's Secret and its PINK brand after the retailer and Sycamore Partners agreed not to go forward with a sale. (Getty Images)
L Brands has a new spinoff plan for Victoria's Secret and its PINK brand after the retailer and Sycamore Partners agreed not to go forward with a sale. (Getty Images)
By Jennifer Waters
CoStar News
May 5, 2020 | 5:25 P.M.

Victoria’s Secret parent L Brands will keep the lingerie business in its retail drawer, for now, while it charts a spinoff.

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