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.
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