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Tag: victoria

M&S and Next compete for UK arm of Victoria’s Secret | Business

Marks and Spencer and Next are competing to take control of the UK arm of the lingerie brand Victoria’s Secret. The US brand put its British arm, which has 25 stores and employs more than 800 people, into administration earlier this month after a stormy period during which sales fell and the UK arm slumped …

M&S and Next compete for UK arm of Victoria’s Secret | BusinessRead More

L Brands to close 250 Victoria’s Secret stores

Dive Brief: With almost all stores temporarily closed since March 17 due to the COVID-19 pandemic, L Brands said Wednesday that first quarter net sales fell 37% to $1.65 billion from $2.63 billion a year ago. The company will close 250 Victoria’s Secret stores it owns in North America “over the next few months,” executives said …

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Struggling Victoria’s Secret sold as women demand comfort

Victoria’s Secret, which once defined sexy with its leggy supermodels in their lacy bras and oversized angel wings, has a new owner. Now, the big question is whether the once sought after but now struggling brand can be reinvented for a new generation of women demanding more comfortable styles. According to a PTI report: The …

Struggling Victoria’s Secret sold as women demand comfortRead More

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 …

Sycamore Partners to acquire control of Victoria’s SecretRead More

Talks to sell Victoria’s Secret to Sycamore Partners to spill into next week

Josephine Skriver attends the debut of Victoria’s Secret’s new fall collection at Natick Mall on August 17, 2019 in Natick, Massachusetts. Taylor Hill | Getty Images Talks to sell L Brands‘ Victoria’s Secret brand to private equity firm Sycamore Partners will spill into next week, as the complex deal structure creates headaches for its advisors, …

Talks to sell Victoria’s Secret to Sycamore Partners to spill into next weekRead More

L Brands nears sale of Victoria’s Secret to Sycamore

People are seen inside the newly opened Victoria’s Secret shop in Shanghai on February 24, 2017. Johannes Eisele | AFP | Getty Images L Brands is nearing a deal to sell its Victoria’s Secret brand to private equity firm Sycamore Partners in a deal that could be announced as soon this week, people familiar with …

L Brands nears sale of Victoria’s Secret to SycamoreRead More

J. Crew taps former Victoria’s Secret exec as CEO

J. Crew Group has ended its yearlong hunt for a new chief executive. The retailer announced that “after a thoughtful and extensive search” it has appointed Jan Singer to serve as CEO, effective Feb. 2, 2020. Singer, who most recently served as CEO of Victoria’s Secret, will also join J. Crew’s board and assume responsibility …

J. Crew taps former Victoria’s Secret exec as CEORead More

Victoria’s Secret-parent L Brands bulls are ‘overzealous’

CNBC’s Jim Cramer said Friday that he is perplexed by the bullish reviews L Brands, the holding company of Victoria’s Secret and Bath & Body Works, has received from the analyst community. Four analysts have turned positive on the downtrodden stock since the beginning of the trading year, forecasting that a shakeup is on the …

Victoria’s Secret-parent L Brands bulls are ‘overzealous’Read More

Victoria’s Secret parent L Brands shares rise on Barclays upgrade

Barclays is betting “change is afoot” at Victoria’s Secret’s parent company L Brands. The investment bank on Thursday upgraded L Brands shares to overweight from underweight, and gave the retailer’s stock a new price target of $30, double its previous target of $15. L Brands shares were recently up more than 4%, trading around $20.60. …

Victoria’s Secret parent L Brands shares rise on Barclays upgradeRead More