Victoria’s Secret sale agreed

Victoria’s Secret, beset by falling sales and uncomfortable questions about its billionaire founder who has run the company for five decades, is being sold. The company’s owner L Brands said private equity firm Sycamore Brands will buy 55% of Victoria’s Secret for about 525 million dollars (£407 million). L Brands, based in Columbus, Ohio, will keep the remaining 45% stake. Shares of L Brands slid 14.6% in...