Sycamore Partners seeks to end Victoria's Secret deal, L Brands shares plunge

(Reuters) - Investment firm Sycamore Partners is seeking to end its deal to buy a stake in L Brands Inc's lingerie brand Victoria's Secret, citing business decisions the retailer took during the coronavirus pandemic, a court filing on Wednesday showed, sending the company's shares down over 20%. Sycamore said less than one month after entering the deal with L Brands, the company closed nearly all of its about 1,600 Victoria's Secret and PINK stores globally, including more than a thousand..