insert_link Fashion Victoria’s Secret Lingerie prepares to spin off from L Brands Last week L Brands announced that it's preparing to spin Victoria's Secret Lingerie, which includes Pink and Victoria's Secret Beauty, off into its own independent, publicly held company. This step allows the more successful Bath & Body Works to separate from the struggling lingerie retailer. "We believe the spin-off will enable each company to maximize management focus and financial flexibility to thrive in an evolving retail environment and to deliver profitable growth," said Andrew Meslow, […] todayMay 25, 2021
insert_link Fashion The CEO of Victoria’s Secret Is Stepping Down After years of controversy and sliding sales, Leslie Wexner, the billionaire behind Victoria’s Secret, is stepping down as its CEO. Wexner’s exit, confirmed by Bloomberg last week, has been a long time coming. The brand has been in free fall for years: The Victoria’s Secret Fashion Show was officially canceled last year after years of declining viewership, and the brand’s sales started falling in 2017, as customers turned to new […] todayFebruary 25, 2020
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