Wednesday, April 29, 2020

The Victoria’s Secret Contract That Anticipated a Pandemic

New York Times
It’s no wonder the buyout firm Sycamore Partners is trying to back out of its $525 million deal to buy a majority of Victoria’s Secret from struggling L Brands.

Until now, the private equity firm has generated impressive returns for its investors and huge paydays for its executives even as its core retail businesses have been in precipitous decline. . . . more