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Talks to sell Victoria’s Secret to Sycamore Partners to spill into next week

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Josephine Skriver attends the debut of Victoria’s Secret’s new fall collection at Natick Mall on August 17, 2019 in Natick, Massachusetts.

Taylor Hill | Getty Images

Talks to sell L Brands‘ Victoria’s Secret brand to private equity firm Sycamore Partners will spill into next week, as the complex deal structure creates headaches for its advisors, people familiar with the situation said.

L Brands had hoped to complete a deal by the end of this week, people familiar with the situation previously said. The company is now aiming to announce a deal as soon as Tuesday, people familiar with the matter said. They spoke on terms of anonymity because the deal talks are confidential.

Sycamore is…



Source cnbc.com

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