Retailers have long dominated Sycamore’s portfolio. The firm runs The Limited, department store Belk, Staples, Torrid, Talbots and Hot Topic, among others, and many of its acquisitions have been snapped up in bankruptcy.
Earlier this year the firm was set to take a majority stake in Victoria’s Secret as well, although the deal fell apart as the pandemic drastically altered the retail landscape.
Ascena CEO Gary Muto in a statement Thursday called Sycamore “an experienced and trusted leader in the retail sector.”
Source: Retail Dive
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