Victoria's Secret Is Permanently Closing 250 Stores

L Brands, the parent company of Victoria's Secret, announced a 37% decline in sales due to store closures amid the pandemic. This also led to the collapse of a $525 million deal with Sycamore Partners. Victoria's Secret plans to close more stores in 2021 and 2022, while some locations are expected to reopen by July.

What was the percentage decline in L Brands' total company sales through the beginning of May?

• 42%

• 50%

• 37%

• 25%

Which company was involved in a $525 million deal with L Brands that collapsed?

• Sycamore Partners

• Blackstone

• Bain Capital

• Carlyle Group

What was the main reason for the collapse of the deal with Sycamore Partners?

• Management changes

• Increased competition

• Store closures due to the pandemic

• High operational costs

What is the expected timeline for the reopening of Victoria's Secret locations that are not closing?

• By the end of September

• By the end of August

• By the end of July

• By the end of June

In which years are more store closures expected for Victoria's Secret?

• 2021 and 2022

• 2023 and 2024

• 2022 and 2023

• 2020 and 2021