Private equity firm Sycamore Partners is in talks with L Brands founder and CEO Les Wexner to take over the company's Victoria's Secret brand, according to an updated story yesterday from The Wall Street Journal. A Sycamore spokesperson declined to comment to Retail Dive. Neither L Brands nor Victoria's Secret immediately responded to Retail Dive's requests for comment.
The publication previously reported that L Brands was in talks to sell off the brand and that Wexner was set to step down, except to retain his seat on the board as chairman. That was subsequently confirmed by other news outlets.. . . more