Private equity firm Sycamore Partners wants to back out of its $525 million deal to buy the Victoria’s Secret lingerie chain, claiming in a lawsuit that parent L Brands has not held up to the terms of the pact during the coronavirus pandemic.
Sycamore Partners Wants Out of $525 Million Deal to Buy Victoria’s Secret
Lawsuit Involving 1,600 Stores Says L Brands Breached Contract Related to Coronavirus
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