L Brands Might Be Shopping Victoria's Secret to Buyout Firms Again

Rich Duprey, The Motley Fool
·2-min read
L Brands Might Be Shopping Victoria's Secret to Buyout Firms Again

Victoria's Secret might be back on the market. The New York Times reports owner L Brands (NYSE: LB) is sounding out private equity firms to test their willingness to have another go at bidding for the lingerie brand. It was nine months ago the pandemic scuttled L Brands' attempt to sell Victoria's Secret to the Sycamore Partners hedge fund, which got cold feet as stores were closed due to the COVID-19 outbreak.