During this time, many people are either gaining weight or losing it and make the surge for people to buy clothes. On the whole, the retail business has increased, and we can see that Victoria’s Secret is emerging as a standalone company, separated with Bath & Body Works, and its earlier suitor, Sycamore Partners, is kicking themselves for walked away from the deal in January, 2020 for the 55% with $1.1 billion. Now VS is probably worth $6 billion. See who is laughing now?
Courtesy of: FT, Ortenca Aliaj and James Fontanella-Khan
