You Searched For "Sycamore Partners" and got 18 results
Sort By:
2 mins read
JCPenney could be bought by its lenders after talks with potential buyers stall due to 'egos' and 'negotiating postures,' lawyers say
Talks with three potential bidders for JCPenney have reached a "stalemate," and now it could be bou…
Madeline Stone
2 mins read
JCPenney is being rescued by a tentative deal struck with its mall landlords
JCPenney is being acquired through a joint venture between Simon Property Group and Brookfield Prop…
Madeline Stone
1 min read
Graham Rapier
6 mins read
Victoria's Secret is plotting a major turnaround as a private company. Here's what went wrong with America's lingerie darling.
Former executives who held longtime positions at Victoria's Secret previously told Business Insider…
Mary Hanbury
3 mins read
Analysts warn that L Brands' former CEO Les Wexner is a still a 'problem' for Victoria's Secret and Bath & Body Works
"There was an understanding that Les Wexner was the founder and it is his company; he is the bigges…
Mary Hanbury
1 min read
Staples is being acquired by a private-equity firm for $6.9 billion
Barclays and Morgan Stanley are acting as Staples' financial advisors, while nine banks including B…
Akin Oyedele
2 mins read
Warren Buffett is now the longest-tenured CEO in the S&P 500 following Les Wexner's exit from L Brands
On Thursday, L Brands announced that private equity firm Sycamore Partners will acquire a 55% stake…
Carmen Reinicke
2 mins read
Victoria's Secret extends store closings, furloughs majority of store workers, and says the pandemic could prevent it from sourcing the materials it needs
Its part-owner, L Brands, which recently sold a 55% stake in the company to private equity firm Syc…
Mary Hanbury
2 mins read
Cofounder of Victoria's Secret rival ThirdLove says his goal was to put the lingerie giant out of business
"They thought we were crazy," said ThirdLove cofounder David Spector during a fireside chat the eTa…
Shoshy Ciment
2 mins read
Victoria's Secret rival cheers the sale of the iconic lingerie brand as a 'positive'
In a statement sent out on Thursday, shortly after news of the sale of Victoria's Secret broke, Hei…
Mary Hanbury
2 mins read
How Hot Topic went from a store in a garage to a growing chain that is defying the retail apocalypse.
That much is clear upon entry to the store. Hot Topic is a haven for pop-culture addicts and fans, …
Shoshy Ciment
1 min read
Executives from the most notorious hedge fund blow-up of the 1990s are back - and they want a piece of China
As Bloomberg's Bei Hu notes, Sycamore joins other firms that are seeking to give Chinese investors …
Myles Udland
2 mins read
Bankrupt teen retailer Aeropostale is thinking of selling to a private equity firm
Because of the uncertainty, Versa will not advance negotiations unless Aeropostale reimburses the f…
4 mins read
The Drive-Thru: Coronavirus spreads to retail, Victoria's Secret closes stores, and BI heads to eTail West
This is Shoshy Ciment reporting from sunny Palm Springs, California! And yes, this is for work! I'v…
Shoshy Ciment
4 mins read
The Drive-Thru: Victoria's Secret changes, problems at Target, and moldy Whoppers
Also, if we haven't yet met, I'm Shoshy Ciment, a junior reporter here at BI, where my coverage mos…
Shoshy Ciment
2 mins read
10 things you need to know before the opening bell
The Trump administration announces sweeping changes to airline safety. The new measures affect all …
Jonathan Garber
4 mins read
This in-demand AI genius just got $175 million from Silicon Valley's biggest investors
We are starting to see how AI will transform almost every industry. AI Fund teams are currently pur…
Kif Leswing
8 mins read
Apple, Amazon, Google, and hundreds of businesses vowed to meet Paris climate goals on their own 'in the absence of leadership from Washington'
"It is imperative that the world know that in the U.S., the actors that will provide the leadership…