Saturday, April 1, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use
Oil Market News
  • Home
  • Marketdaily
  • Price
  • crudenow
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEChot
  • brend
  • ships
Oil Market News
Home brend

L Brands files complaint against Sycamore for backing out of Victoria’s Secret deal |

10 months ago
in brend
L Brands files complaint against Sycamore for backing out of Victoria’s Secret deal |
Share on FacebookShare on Twitter


Thursday, April 23, 2020 8:55 p.m. EDT

Latest Oil News

Saudi Arabia’s economy expands 8.7% in 2022 on oil sector boost

Saudi Arabia’s economy expands 8.7% in 2022 on oil sector boost

February 1, 2023
US oil sector sees chance to overhaul permitting – Argus Media

Activists board Shell FPSO on route to N Sea: Update – Argus Media

January 31, 2023
Naphtha crack rises as Brent falls

Naphtha crack rises as Brent falls

January 30, 2023
Fuel prices to increase by 7%-13% from February 1, 2023 – IES

Fuel prices to increase by 7%-13% from February 1, 2023 – IES

January 29, 2023

by Thomson Reuters

(Reuters) – L Brands Inc filed a legal complaint against Sycamore Partners on Thursday, after the buyout firm walked away from a $525 million deal to acquire a majority stake in the company’s Victoria’s Secret lingerie brand.

The filing in a Delaware court sets up the first high-profile U.S. legal fight over the termination of a merger agreement because of the COVID-19 pandemic.

Sycamore said on Wednesday the worldwide closure of nearly all 1,600 Victoria’s Secret and PINK stores, including more than a thousand stores in North America, in response to the coronavirus outbreak occurred without its permission and had breached the terms of the deal.

However, L Brands said the agreement was still valid as it was transparent with Sycamore on the steps it was taking to “protect the Victoria’s Secret business”.

The company said Sycamore tried to renegotiate the purchase price of the 55% stake, before sending a termination notice.

Sycamore Partners did not immediately respond to Reuters’ request for comment.

(Reporting by Uday Sampath in Bengaluru; Editing by Ramakrishnan M.)





wincountry.com

Tags: backingBrandscomplaintDealfilesSecretSycamoreVictorias
Previous Post

Final coroner’s report details 16-year-old’s spiral into drug use

Next Post

Freedom Oil and Gas files for Chapter 11 bankruptcy

Related Posts

Saudi Arabia’s economy expands 8.7% in 2022 on oil sector boost

Saudi Arabia’s economy expands 8.7% in 2022 on oil sector boost

by Oil Market News
February 1, 2023
0

Saudi Arabia’s economy grew by 8.7 per cent in 2022, boosted by a sharp increase in the kingdom’s oil and...

US oil sector sees chance to overhaul permitting – Argus Media

Activists board Shell FPSO on route to N Sea: Update – Argus Media

by Oil Market News
January 31, 2023
0

Activists board Shell FPSO on route to N Sea: Update Argus Media news.google.com

Naphtha crack rises as Brent falls

Naphtha crack rises as Brent falls

by Oil Market News
January 30, 2023
0

Asia’s naphtha refining profit margin rose on Monday after two straight sessions of losses amid weakness in crude oil prices....

Fuel prices to increase by 7%-13% from February 1, 2023 – IES

Fuel prices to increase by 7%-13% from February 1, 2023 – IES

by Oil Market News
January 29, 2023
0

The Institute for Energy Security (IES) is predicting between 7% and 13% jump in the prices of petrol, diesel and...

ExxonMobil Likely to Report Surge in Q4 Earnings

ExxonMobil Likely to Report Surge in Q4 Earnings

by Oil Market News
January 28, 2023
0

ExxonMobil's Key Stats    Q4 2022 (est)  Q4 2021  Q4 2020  Adjusted EPS  $3.27  $2.06  $0.03  Revenue  $111B  $85B  $46.5B...

Trinity To Spud Jacobin Well In Second Quarter Of 2023

Trinity To Spud Jacobin Well In Second Quarter Of 2023

by Oil Market News
January 27, 2023
0

Trinidad and Tobago-focused Trinity Exploration & Production has secured all the permits and approvals to drill the deep Jacobin prospect...

Next Post
Freedom Oil and Gas files for Chapter 11 bankruptcy

Freedom Oil and Gas files for Chapter 11 bankruptcy

Subscribe
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trend Oil News

US Merchant Marine Academy gets 1st female superintendent

US Merchant Marine Academy gets 1st female superintendent

5 months ago
Oil Price Fundamental Daily Forecast – Soars after OPEC+ Holds Cuts; US Jobs Growth

Oil Price Fundamental Daily Forecast – Soars after OPEC+ Holds Cuts; US Jobs Growth

11 months ago
Pure Gold Mining Inc, Anglo Asian Mining PLC, Tharisa PLC, Galileo Resources PLC

Pure Gold Mining Inc, Anglo Asian Mining PLC, Tharisa PLC, Galileo Resources PLC

11 months ago
Gasoline Prices See Longest Downward Streak Since 2015

Gasoline Prices See Longest Downward Streak Since 2015

6 months ago
Petronas’ Sarawak deal aimed at survival of Malaysia’s oil industry – Upstream Online

Petronas’ Sarawak deal aimed at survival of Malaysia’s oil industry – Upstream Online

11 months ago
ADVERTISEMENT
Chickens are ‘coming home to roost’ in the shale patch

Chickens are ‘coming home to roost’ in the shale patch

March 31, 2023

Vitol profits soar to record $15bn on back of energy crisis

March 30, 2023

US natural gas prices: déjà vu all over again

March 29, 2023

Is the oil price bounce on?

March 28, 2023

‘Full investigation’ promised into UK wildlife haven oil spill

March 27, 2023

Libyan state oil chief stresses support across divided country

March 26, 2023

Crude Oil

4 Days from Deadline, EU Fails To Agree On Russian Oil Products Price Cap

4 Days from Deadline, EU Fails To Agree On Russian Oil Products Price Cap

February 1, 2023
Oil rises after U.S. fuel stocks draw down; economic concerns loom

Oil prices settle steady on higher U.S. demand, weaker dollar

January 31, 2023
S&P 500 Down 1%; Crude Oil Drops Over 2%

S&P 500 Down 1%; Crude Oil Drops Over 2%

January 30, 2023
Russia Can’t Replace the Energy Market Putin Broke

Russia Can’t Replace the Energy Market Putin Broke

January 29, 2023

Investing

Orbital Sidekick Raises $10M Investment to Monitor Oil and Gas Industry from Space 

Orbital Sidekick Raises $10M Investment to Monitor Oil and Gas Industry from Space 

February 1, 2023
Crude Oil Shielded From Bond and Stock Market Rout

Clean-energy investing poised to top money backing oil and gas after hitting a record

January 31, 2023
Crude Oil Shielded From Bond and Stock Market Rout

The Cushing® MLP & Infrastructure Total Return Fund Announces Fund Name Change

January 30, 2023
Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

January 29, 2023

Market

Chickens are ‘coming home to roost’ in the shale patch

Chickens are ‘coming home to roost’ in the shale patch

March 31, 2023
Vitol profits soar to record $15bn on back of energy crisis

Vitol profits soar to record $15bn on back of energy crisis

March 30, 2023
US natural gas prices: déjà vu all over again

US natural gas prices: déjà vu all over again

March 29, 2023
Is the oil price bounce on?

Is the oil price bounce on?

March 28, 2023

OPEC

US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP

US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP

February 1, 2023
‘OPEC does not control the price’: OPEC President | OPEC News

‘OPEC does not control the price’: OPEC President | OPEC News

January 31, 2023
OPEC+ Closely Watches Chinese Factory Data

OPEC+ Closely Watches Chinese Factory Data

January 30, 2023
Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

January 29, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use

© 2022 OilMarket.News

No Result
View All Result
  • Home
  • Market
  • Price
  • crude
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEC
  • brend
  • ships

© 2022 OilMarket.News

wpDiscuz
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.