L Brands
Victoria’s Secret Files Suit to Get Out of Manhattan Lease
The busy Herald Square location has been closed since March 17 to prevent the spread of the coronavirus.
Victoria’s Secret Ramps Up Spin-off, Store Closure Plans
The company will begin by closing about 250 stores this year. But execs say there will likely be more next…
Victoria’s Secret’s Profitability Plan? Cutting 250+ Stores
Store closures and job cuts are ahead as L Brands works with Victoria's Secret executives to improve the…
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Victoria’s Secret Parent Company Posts $296 Million Loss
The retailer expects to close about 250 stores in North America this year.
Victoria’s Secret Staying Single; Wexner Retires
The lingerie business, owned by L Brands, isn't seeking out a new buyer at present. Meanwhile, the c-suite…
Victoria’s Secret Going It Alone
Parent company L Brands calls it quits with private equity firm Sycamore Partners and plots its next move.
Victoria’s Secret Sale a No-Go
After the Sycamore deal fell through, L Brands is preparing to operate the Victoria's Secret business as a…
Victoria’s Secret Deal Canceled
Bath & Body Works will become a stand-alone firm while the lingerie business goes private and mixes up its…
Victoria’s Secret Parent Company Not Paying Rent, Slashing Inventory for Spring
The lingerie giant is taking several measures to protect itself amid the pandemic.
Victoria’s Secret Files Complaint Against Sycamore Partners
The lingerie retailer says the private equity firm needs to pay up.
As COVID Imperils Deals, M&A Contracts May Include More Backstops
The uncertainty around the Victoria's Secret deal means companies will seek tighter contract language to…
Sycamore Tries to End Victoria’s Secret Deal, Raising Solvency Question for L Brands
Analyst Randall Konik says Sycamore is not looking for a lower price, noting that the deal no longer makes…
Sycamore Partners Tries to Cancel Victoria’s Secret Deal
The private equity firm agreed to buy the lingerie retailer before the coronavirus pandemic hit.
The Future of Digital Fashion Brands in the Era of Coronavirus
Many were born online and don't have to worry about massive store closures. But will they have enough cash to…
Urban Outfitters Furloughs Employees for 60 Days Starting April 1
The retailer was just one of many companies to begin layoffs amid the coronavirus pandemic.