Business
Ryan Kia (of quantiumresearch.co.uk) begins this episode by looking at L Brands' recent 55% sale of its shareholding in Victoria's Secret's lingerie, beauty divisions and its "Pink" business to Sycamore Partners (a private equity firm). He looks at the chance of this deal falling through and also dives deeper into the financials of the Victoria's Secret brand. Through evaluating the metrics at the point of the offer being put on the table, to the present financial situation of the company as a result of the coronavirus pandemic, Ryan concludes his thoughts on the current valuation of L Brands (NYSE: LB) and its future.