L Brands, the owners of Victoria’s Secret, is reportedly nearing a deal to sell the lingerie brand to private equity firm Sycamore Partners.
L Brands CEO Les Werner has been under mounting pressure in recent months following revelations about his personal ties to pedophile and sex trafficker Jeffrey Epstein and a recent New York Times exposé about the toxic, misogynist work culture at Victoria’s Secret under his leadership. People within the company familiar with the deal say an announcement could come as early as next week.
Source: Daily Front Row
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