Victoria’s Secret to Be Sold for $525 million
A page is turned for the most well-known lingerie brand Victoria’s Secret…
It would be very rare and difficult to find anyone in the US who hasn’t come into contact with Victoria’s Secret in one way or another.
The private-equity firm Sycamore Partners will buy 55% of Victoria’s Secret for $525 million. The deal puts a value on the lingerie brand of $1.1 billion. After the sale, L Brands, will be left with its Bath & Body works chain and Victoria’s Secret will become a private company.
The end of an era…
Each season, Victoria Secret created an iconic show to present the new collection with the world’s most beautiful models such as Adriana Lima, Taylor Hill and Candice Swanepoel. The good news is that we won’t be comparing ourselves to models during the show! Viewers around the world will no longer have the opportunity to rinse their eyes as they watch the infinite gambits of angels’ parade across the catwalk. But we will still miss this show punctuated by artists’ performances, grandiose costumes and sexy lingerie.
By Justine duclaux
Photo : Pinterest