Axar.az
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2 April 2020


Victoria's Secret sold for $1.1 billion

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The largest lingerie retailer in the US went through a challenging period last year, canceling its renowned fashion show for the first time in 25 years, as its parent company L Brands announced changes in marketing strategy.

Axar.az reports citing foreign media that L Brands is selling a 55% interest in Victoria’s Secret to Sycamore Partners, as Les Wexner is stepping down as chairman and CEO of the company, Bloomberg reported on Thursday.

Date
2020.02.20 / 17:41
Author
Axar.az
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