Victoria’s Secret To Be Taken Private After Deal With Sycamore Partners- 2/25/20

Simplr® CXLife Today

English - February 25, 2020 18:35 - 4 minutes - 4.03 MB - ★★★★★ - 31 ratings
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From the Simplr studios in San Francisco, this is your daily briefing.

L Brands has reached a deal to sell a controlling stake of Victoria’s Secret to Sycamore Partners. The deal will see longtime CEO, Les Wexner, step down from the company. “I have decided that now is the right time to pass the reins to new leadership.”

Quick Headlines:

Banana Republic announced a new partnership with Postmates, introducing on-demand delivery in select markets. Gap Inc. is the latest retailer to partner with apparel resale company, thredUp.Morgan Stanley pushed further into retail with the largest acquisition since the financial crisis.

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