The Victoria’s Secret Contract That Anticipated a Pandemic
James B. Stewart
A buyout firm is trying to back out of its deal for Victoria’s Secret, citing the coronavirus. The contract’s wording will make that tricky.
This is why you pay a lot of money for good lawyers: whoever drew up the sale contract for Victoria's Secret, which was signed Feb. 20, included a clause that the buyer can't pull out of the deal due to a pandemic
“I’d say Davis Polk really earned its fee.” The Victoria’s Secret Contract That Anticipated a Pandemic