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Sycamore Partners

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History

2020: Failure of the transaction on purchase of Victoria's Secret company

On April 22, 2020 the Sycamore Partners investment company announced the refusal from the transaction on acquisition of Victoria's Secret for $525 million in two months after conclusion of an agreement. The potential buyer changed the mind because of a pandemic of a coronavirus of COVID-19 which undermined the American economy and led to closing of a huge number of shops. Read more here.