Tag: control
Les Wexner sells control of Victoria’s Secret amid declining sales | Business
Les Wexner, the billionaire retailer who made Victoria Secret one of the most famous brands on the planet, has sold control of the troubled lingerie company as it deals with declining sales and the fallout of a scandal involving Wexner’s ties to convicted sex offender Jeffrey Epstein. Wexler, 82, announced on Thursday that he would …
Les Wexner sells control of Victoria’s Secret amid declining sales | BusinessRead More
Sycamore Partners to acquire control of Victoria’s Secret
Victoria’s Secret, which once dominated the lingerie category with its sexy image, will go private in a deal that shows how far the brand as fallen out of favor. Private equity firm Sycamore Partners will acquire a 55% share in Victoria’s Secret from its owner L Brands for $525 million, the companies announced Thursday. Upon the …
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Deloitte: Consumers seek control of personal data
Retailers who are transparent about their customer data policies have much to gain. According to the new Deloitte U.S. Consumer Data Privacy study from Deloitte, nearly half of U.S. consumers (47%) feel they have little to no control of their personal data, and one in three has been exposed to a data compromise. Perhaps it …