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Sycamore partners and L. Brand have come to an agreement to stop the sale of Victoria's Secret amid the Coronavirus pandemic.

Victoria's Secret was initially set to protest the decision but after careful deliberations estimated that the juice would not be worth the squeeze.

L. Brands will still attempt to sell the company but no new potential deals have been made public.

As for Wexner, he is still out as CEO of L. Brands and Victoria's secret as the company attempts to rehab their image after their founder tarnished it by his very close ties to Epstein.


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Source:
https://www.bizjournals.com/columbus/news/2020/05/04/l-brands-calls-of-victorias-secret-sale-plans-to.html