Sycamore Partners news and archive

Sycamore Partners could potentially acquire J.C. Penney

Sycamore partners, a private equity firm, is in preliminary talks to acquire J.C. Penney Co Inc out of bankruptcy. The news was reported by Reuters. J.C. Penney is currently in negotiations with creditors, but should these negotiations fail acquisition by Sycamore is an option. In May, J.C. Penney filed for bankruptcy protection after the...

BusinessFeatured

L Brands and Sycamore mutually call off Victoria’s Secret deal

L Brands, Inc. and Sycamore Partners have reached a mutual agreement to terminate their previously announced transaction to take Victoria’s Secret private. Last month, Sycamore sent a notice to L Brands intending to terminate the sale deal of a 55 percent interest in Victoria’s Secret Lingerie, Victoria’s Secret Beauty and Pink. It also filed a...

Business

Sycamore seeks to terminate acquisition of Victoria's Secret

L Brands, Inc. has announced that it has received a notice from Sycamore Partners intending to terminate the sale deal of a 55 percent interest in Victoria’s Secret Lingerie, Victoria’s Secret Beauty and Pink. Sycamore Partners informed L brands about its decision to pull out of the deal on Wednesday and also filed a lawsuit in the Court of...

Business

L Brands nears deal to sell Victoria’s Secret to Sycamore Partners

L Brands is nearing a deal to sell ailing lingerie brand Victoria’s Secret to private equity company Sycamore Partners, according to a report published by CNBC on Sunday night. Quoting sources familiar with the matter, the report says the deal could be announced as early as this week. L Brands’ owner Leslie Wexner is under mounting pressure due...

BusinessFeatured

Coach to acquire Stuart Weitzman

Handbags and accessories retailer Coach, agreed Tuesday to acquire women's luxury footwear company Stuart Weitzman from its private-equity owner Sycamore Partners for a total consideration of 574 million dollars (377.92 million pounds), which includes 44 million dollars in (28.9 million pounds) contingent payments. The deal is anticipated to...