Dragon’s news – La Senza $710m deal with Victoria’s Secret owner

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I would like to congratulate one of the Dragons — Mr. Laurence Lewin. Laurence is the co-founder, president, COO and member of the board of directors of La Senza which has made a great deal with Victoria’s Secret owner (Limited Brands). It is wonderful to read that according to La Senza Chairman and CEO Irv Teitelbaum, “This is a compelling offer that immediately recognizes the value of our brands, strategy and talented team members.”

I guess it is always great to read when the deal is “… $48.25 in cash for each outstanding share of La Senza, almost 50 per cent higher than the $32.70 closing price of La Senza shares on the TSX Wednesday.”

Congrats to Laurence and his wonderful team again. More details from CBC news “La Senza agrees to $710M buyout from Victoria’s Secret owner”.

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