L Brands nears sale of Victoria's Secret to Sycamore
L Brands is nearing a deal to sell its Victoria's Secret brand to private equity firm Sycamore Partners in a deal that could be announced as soon as next week, people familiar with the matter tell CNBC.
It could not be immediately determined what leadership role L Brands CEO Les Wexner would have in such a deal. Wexner has been under mounting pressure due to his ties to the Sycamore would also be betting that it can reinvigorate the Victoria's Secret brand after it has faced significant upheaval. The retailer has for years faced criticisms of out-of-date focus on sexy styles, while competitors like Third Love prioritized comfort. This November, it canceled its once-annual fashion show as viewership increasingly shunned the provocative show.
" due to controversy over the British royal's past friendship with Epstein. Entrepreneur Joi Ito earlier last year resigned from his role as director of MIT Media Lab and several corporate boards after admitting he took money from Epstein.he first met Epstein in the mid-1980s through friends who vouched for the financier. Epstein was a trustee of the Wexner Foundation, although Wexner has said Epstein had no executive responsibilities.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Do French Women Really Have the Secret to Aging Gracefully?Do French women really have the secret to aging gracefully? Or is it just a Gallic myth?
Baca lebih lajut »
The Secret Life of Mrs. Hailey BieberFor ELLE's March issue, haileybieber opens up about her faith, life as a newlywed, and loving Justin in sickness and in health. “When we first got married, we were just figuring out our life together.'
Baca lebih lajut »
Adam Driver & Joanne Tucker Welcomed a Baby in Secret, and Own a Dog Called MooseThe actor's wife taught him 'you shouldn't talk with your mouth full and spit on the sidewalk.'
Baca lebih lajut »
Phillip Schofield's 'open secret of two years with This Morning support network'Phillip Schofield's sexuality was said to be an 'open secret' on This Morning as he relied on his celeb pals for support
Baca lebih lajut »