L Brands Inc is selling a controlling stake in its Victoria’s Secret unit to investment firm Sycamore Partners, valuing the lingerie brand at US$1.1 billion, as focuses on its core Bath & Body Works brand.
Recent Posts
Most Popular
US regulators reconsider capital hike for big banks
THE Federal Reserve and two other US regulators are moving towards a new plan that would significantly reduce a nearly 20 per cent mandated...
Deutsche Bank’s risk transfer enables more green mortgages
DEUTSCHE Bank has entered a capital-relief deal with the European Investment Bank (EIB) that allows the German lender to grant discounts on more than...