Victoria’s Secret to be spun off a year after sale collapse

The chain was to be sold to Sycamore Partners last year for about 525 million dollars, but the private equity firm sued to get out of the deal.

The entrance to a Victoria’s Secret store in Pittsburgh (Keith Srakocic/AP)

By Michelle Chapman, Associated Press

A year after an agreement to sell Victoria’s Secret fell apart as the pandemic emptied shopping centres across the US, the chain will be spun off by its owner to become a separate company.