L Brands plans to separate Victoria's Secret as a standalone company following the termination of its agreement to sell the business to Sycamore Partners. The deal was announced in February, but after
COVID-19 prompted the temporary closing of stores, tensions between the two companies flared. L Brands accused Sycamore of “buyer’s remorse” in trying to back out of the deal,
reports
Chain Store Age.
Read the whole story at Chain Store Age »