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Sycamore Tries to End Victoria’s Secret Deal, Raising Solvency Question for L Brands

Biodegradability or recycled? Carbon inset or carbon offset? Lean manufacturing or made to measure? Blockchain or chasers? There are many routes to sustainability. Come learn the relative advantages each, and learn how to design strategies that address your company’s specific impacts and goals. Join us July 29 for our Sustainability FAQs Workshop with Gap Inc., SAC, Fashion for Good, Accelerating Circularity, Lectra & Cotton Incorporated.

L Brands Inc. said Sycamore Partners on Wednesday tried to end the agreement to acquire a 55 percent stake in the Victoria’s Secret businesses for $525 million, and that the apparel giant wasn’t having it. For L Brands, the deal with Sycamore was expected by credit analysts to help the Ohio retail firm reduce its…

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