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The Columbus, Ohio-based company’s attempt to sell a majority stake in its Victoria’s Secret business to Sycamore Partners collapsed last year after the buyout firm alleged that L Brands breached the terms of the deal.
L Brands did not immediately respond to Reuters’ request for comment.
Earlier this month, the company said it was aiming to complete the separation of its Victoria’s Secret and Bath & Body Works businesses by August, with options including a spin-off of the former into a public company or a private sale of the business.
