2/14, 10:38 PM (Source: TeleTrader)
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Victoria's Secret sale deal delayed to next week - report

Negotiations between L Brands, Inc. and Sycamore Partners about selling Victoria's Secret brand to the latter will continue into next week, anonymous sources told CNBC on Friday.

The deal was expected to be finalized by this week's end, but now the official confirmation of the deal is planned to be announced on Tuesday.

Sycamore will also attempt to make a "private investment in public equity, or PIPE, into L Brands," according to sources, but the acquisition of Victoria's Secret is still the main point of focus for both sides.

Breaking the News / MS