VICTORIA'S SECRET OWNER SELLS MAJORITY STAKE FOR $525 MILLION

L Brands, the company behind the Victoria’s Secret brand, has sold a majority stake in the company to a private equity firm for $525 million. Sycamore Partners now owns a 55 percent stake in Victoria’s Secret Lingerie, Victoria’s Secret Beauty, and Pink. L Brands will retain a 45 percent stake in the brand, which means [...]

JustJared (Date:02/21/2020 23:29) Read full article >>

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Secret: Secrecy is the practice of hiding information from certain individuals or groups, perhaps while sharing it with other individuals. That which is kept hidden is known as the secret.
Brands: Brand is the "name, term, design, symbol, or any other feature that identifies one seller's product distinct from those of other sellers" Initially, Branding was adopted to differentiate one person's cattle from another's by means of a distinctive symbol burned into the animal's skin with a hot iron
Beauty: Beauty is a characteristic of a person, animal, place, object, or idea that provides a perceptual experience of pleasure or satisfaction. Beauty is studied as part of aesthetics, sociology, social psychology, and culture. An "ideal beauty" is an entity which is admired, or possesses features widely
Pink: Pink is any of the colors between bluish red and red, of medium to high brightness and of low to moderate saturation. Commonly used for Valentine's Day and Easter, pink is sometimes referred to as "the color of love." The use of the word for the color "pink" was first recorded in the late 17th cent
Lingerie: Lingerie are fashionable and typically alluring undergarments.
Sycamore: Sycamore is a name which is applied at various times and places to several different types of trees, but with somewhat similar leaf forms. In the original Greek, it would mean 'fig-mulberry'.