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



Sep 20, 2021, Japan:
The top floor of the world's most popular Japanese department store now has its cafe.
Sep 20, 2021, USA:
The owners of the American Dream decided not to wait until the luxury "Avenue" was at least half full.
Sep 17, 2021, USA:
The retailer is ready to invest in retail development in the U.S. market, which was hit by the crisis.
Sep 17, 2021, Spain:
Worldwide sales are recovering, both at retail and through online channels.
Sep 15, 2021, France:
The total area of the new retail space in the Madeleine area will be 724 square meters.
Sep 14, 2021, USA:
The 30-day subscription, which allows you to buy one taco a day, costs $5 and $10.
Friend
and Follow
Viaport Outlet GLA:748 092 SF
ADDRESS: Yenisehir Mah. Dedepasa Cad. No:19 Via Port - Pendik
Turkey . Istanbul
Viaport Outlet
Central Children's Store GLA:370 192 SF
ADDRESS: Teatralnyi proezd, 5
Russia . Moscow region
Central Children's Store
Queens Place GLA:440 000 SF
ADDRESS: 88-01 Queens Boulevard Elmhurst, NY 11373
USA . New York
Queens Place
Shopping City Süd GLA:1 862 156 SF
ADDRESS: Europaring 2334 Vösendorf
Austria . Vienna
Shopping City Süd


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