A number of merger and acquisition transactions in retail are being floated in late January, as retail’s transformation continues to steam ahead.
While Gap nixed its plans to spin off Old Navy, other retail conglomerates are expected to explore splitting off key banners. Potential deals include a sale of Victoria’s Secret by L Brands, an acquisition of Forever 21 by Authentic Brands Group and Simon Properties, and more divestitures by VF Corp. and PVH following its sale of Speedo.
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