Find in the news:
BY COUNTRY

Victoria’s Secret Buyer is Looking to Cancel Takeover



Investment company Sycamore Partners refuses to acquire a controlling stake in the American lingerie retailer Victoria's Secret.
Victoria Secret

Investment company Sycamore Partners refuses to acquire a controlling stake in the American lingerie retailer Victoria's Secret. The deal worth $525 million was under threat of failure, said the parent company L Brands. 

April 22, 2020, it became known that Sycamore Partners intends to terminate the agreement to purchase a 55% stake in one of the world's largest lingerie producers. Representatives of the investment company have initiated a lawsuit to invalidate the agreement. 

Sycamore Partners notes that the terms of the deal were violated, as the owner of Victoria's Secret brand closed stores around the world and did not ensure payment of rent payments. When agreements to buy a business were reached, the parties did not specify the negative impact of the pandemic. In turn, L Brands intends to achieve compliance with the terms of the agreement for the sale of shares in the retailer.

The deal was announced in February 2020. The company, which owns Victoria's Secret Lingerie, Victoria's Secret Beauty and Pink brands, was valued at $1.1 billion. 

More about shopping malls in the USA

YESTERDAY, USA:
Adidas and AllBird have announced a partnership aimed at creating new environmentally friendly technologies.
DAY BEFORE YESTERDAY, France:
French chain of department stores Galeries Lafayette has announced a new service for customers during the closing of stores.
DAY BEFORE YESTERDAY, USA:
The chain of coffee shops adapts to the realities of the post-quarantine world and focuses on drive-thrus, self-service, and delivery.
May 26, 2020, Italy:
Due to the sharp decline in interest in fashion in the midst of the pandemic, the company is abandoning the traditional calendar of shows and moving to an off-season schedule.
May 26, 2020, Germany:
The masks to protect against coronavirus are called Face Covers and are made from recycled materials.
May 25, 2020, United Kingdom:
Due to the coronavirus pandemic, more and more customers are adopting the habits of the younger generation and do not want to constantly change their wardrobe.
Friend
and Follow
212 Istanbul Power Outlet GLA:753 474 SF
ADDRESS: Mahmutbey Merkez Mah. Taşocağı Cad. No:5 Bağcılar  /  İstanbul
Turkey . Istanbul
212 Istanbul Power Outlet
Cabot Circus GLA:990 280 SF
ADDRESS: Glass House, Bristol BS1 3BX
United Kingdom . Bristol
Cabot Circus
Vegas Crocus City GLA:1 199 078 SF
ADDRESS: 61 km Moscow Ring Road
Russia . Moscow region
Vegas Crocus City
Asheville Outlets GLA:325 000 SF
ADDRESS: 800 Brevard Road, Asheville, NC 28806
USA . Asheville
Asheville Outlets


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us