- L Brands (NYSE:LB) Victoria's Secret unit may be worth $4b-$5b in a potential sale after it was almost sold for $1b last year, according to a NY Post report.
- Hedge funds with a more bullish view on Victoria's Secret estimate the lingerie seller may be worth more than $4b, the paper said. The new price tag come as L Brands bankers plan to send out pitch books for the business in the coming days.
- Recall Feb. 23, L Brands gains on report of plan to pitch Victoria's Secret sale to PE firms.
- Recall Feb. 4, L Brands spin of Victoria's Secret more likely than sale, BMO says.
L Brands Victoria's Secret may be worth $4b in a potential sale, report says
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| Symbol | Last Price | % Chg |
|---|---|---|
| BBWI | - | - |
| Bath & Body Works, Inc. | ||