comparemela.com

Latest Breaking News On - Stuart burgdoerfer - Page 5 : comparemela.com

Victoria s Secret Owner Seeks Sale, Wants $2B Valuation or More

Mike Kemp/In Pictures via Getty Images L Brands has reportedly restarted talks to sell Victoria s Secret at a higher price than before.  According to Bloomberg, it wants a deal that could value Victoria s Secret at $2 billion or more. In May 2020, a private-equity firm pulled out of buying a 55% stake in the brand for $525 million.  L Brands, the owner of Victoria s Secret, is reportedly on the hunt for a new buyer after a deal with a private-equity firm fell through last year, and is seeking more than double what it wanted before. Sources familiar with the matter told Bloomberg wanted a deal that would value the brand at between $2 billion and $3 billion. Previously, Sycamore Partners had agreed to buy a 55% stake in the company for $525 million.

With Victoria s Secret sale talks on, L Brands aims for higher price: Bloomberg

Dive Brief: As L Brands again looks to potentially sell Victoria s Secret, the banner could fetch a higher sale price than in last year s failed deal with Sycamore Partners. The lingerie chain s parent, L Brands, has been back in talks with prospective buyers and is now eyeing a valuation of $2 billion to $3 billion for Victoria s Secret, Bloomberg reported Thursday.  As a result of the substantial improvement in performance at Victoria s Secret, various sellside analysts have valued the Victoria s Secret business at as much as $5 billion, CFO Stuart Burgdoerfer said in a statement emailed to Retail Dive and other media. The Board and our management team continue to evaluate both a potential spin-off of the Victoria s Secret business into a separate public company and a sale of the business.

Victoria s Secret Targets Higher Valuation

Victoria s Secret Targets Higher Valuation
themiddlemarket.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themiddlemarket.com Daily Mail and Mail on Sunday newspapers.

Is Victoria s Secret Too Big To Fail? | BoF Professional, News & Analysis

Is Victoria s Secret Too Big To Fail? | BoF Professional, News & Analysis
businessoffashion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessoffashion.com Daily Mail and Mail on Sunday newspapers.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.