Private-equity firm Sycamore Partners wants to scrap its plans to take control of Victoria’s Secret, a buyout that was reached weeks before the coronavirus pandemic prompted the struggling chain to close its U.S. stores.

The investor said the decision by L Brands Inc., parent of lingerie brand, to close its U.S. stores in March, furlough the majority of its workers and skip April rent payments were violations of the proposed transaction, according to a lawsuit filed by Sycamore in a Delaware court Wednesday. The firm is seeking…

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