Friday, April 24, 2020

Victoria’s Secret Sale at Risk as Buyer Blames Virus Response

New York Times
A private equity firm acknowledged the “international tragedy and health emergency,” but said it didn’t excuse actions taken by the lingerie chain’s parent company, including closing stores.

The plan to sell Victoria’s Secret to a private equity investor appears to be in trouble, with the buyer saying on Wednesday it wanted to terminate the deal because of the retail chain’s response to the coronavirus pandemic.. . . more