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Victoria’s Secret acquired by private equity firm for $1.1 billion


L Brands will sell the majority stake of lingerie brand Victoria’s Secret to a private equity firm for $1.1 billion.

The deal gives Sycamore Partners a majority 55% interest in Victoria’s Secret lingerie, Victoria’s Secret Beauty and Pink brands, the company said in a statement Thursday.

This story is developing.

Follow Brett Molina on Twitter: @brettmolina23.





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