(Filed Under wholesale Lingerie News). The New York Post recently published an article entitled “Victoria’s Secret Has Soared In Value During The Pandemic,” quoting two stock analysts that say the business could be valued at over $4 billion.
In February 2020, parent company L Brands had announced a deal which valued the brand at just $955 million. Sycamore Partners, a private equity firm, was to acquire a 55% interest in Victoria’s Secret and Pink for approximately $525 million, with L Brands retaining the rest. Soon after the announcement, with the full impact of the Covid pandemic now apparent, Sycamore sued to exit the arrangement.
The Post quoted BMO Capital Markets analyst Simeon Siegel as saying Victoria’s Secret now “could be worth $4 to $5 billion.”
L Brands, which also owns Bath & Body Works, hired Goldman Sachs and JPMorgan to explore the options for separating itself from Victoria’s Secret and Pink. This could occur through a private sale of the businesses, or spinning the brands off as a new public company. All options, the company recently said, “are being evaluated.” — NM
The full Post article can be found here: https://nypost.com/2021/02/25/victorias-secret-has-soared-in-value-during-the-pandemic/
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