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Victoria's Secret partnership with Sycamore Partners implodes after coronavirus
Sycamore Partners will not acquire a majority stake in Victoria's Secret, according to a statement from L Brands on Monday.The private equity firm had valued the lingerie brand at $1.1 billion in...
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Victoria's Secret's hopes of a turnaround came crashing down after its buyer...
Victoria's Secret's parent company confirmed Monday that a deal to sell a majority stake in the company to a private-equity firm had fallen through.Analysts were expecting the struggling lingerie brand...
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Victoria's Secret will permanently close 250 stores in the US and Canada as...
Victoria's Secret's parent company, L Brands, announced Wednesday that it will permanently close 250 stores in the US and Canada in 2020.The news comes just weeks after L Brands confirmed that a deal...
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Victoria's Secret new hand sanitizer is so popular that executives say it's...
Victoria's Secret's CEO said Thursday that the company has managed to keep its supply chain running efficiently during the pandemic. The only items it has struggled to keep in stock are its new hand...
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Lease obligations are 'suffocating' retailers — and a potential court fight...
Beleaguered lingerie brand Victoria's Secret is suing its landlord to break from a $10 million lease commitment for a flagship store it has long operated in Herald Square.The action shows how major...
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Victoria's Secret's UK business falls into adminstration, putting 800 jobs at...
The UK arm of Victoria's Secret went into administration on Friday, filing for protection from its creditors, in a move that could end up in this portion of the business being sold. Victoria's Secret...
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More than 2,100 store closings are announced in a single week, delivering a...
The Children's Place, Zara owner Inditex, Guess, Calvin Klein owner G-III Apparel Group, and Signet Jewelers announced more than 2,100 store closings within the past week. The moves follow more than...
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7 iconic brands beloved by millennials that are disappearing
Chuck E. Cheese filed for Chapter 11 bankruptcy on June 25. It is just the latest brand once beloved by millennials to face its downfall.A number of now-nostalgic brands like Limited Too and Claire's...
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18 clothing stores you'll see less of in the future
Many clothing retailers have announced store closures in the past year, and the coronavirus pandemic has led to even more.Victoria's Secret recently announced it would be closing up to 250...
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Victoria's Secret dismisses conspiracy theories alleging inventory tags...
Victoria's Secret rejected a conspiracy theory circulating online claiming RFID tags in its bras and underwear are being use for human trafficking. In a series of posts circulating on social media,...
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Victoria's Secret's parent company is laying off 850 employees
L Brands, parent company of Victoria's Secret and Bath & Body Works, is laying off about 850 people at its headquarters. The company is in the midst of separating its major brands into two...
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Bath & Body Works sales are booming thanks to overwhelming demand for hand...
L Brands beat Wall Street expectations on Thursday, thanks largely to the continued success of its Bath & Body Works brand which reported 13% year-over-year sales growth. The company is in the...
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Victoria's Secret parent L Brands warns it might not be able to handle the...
Retailers are bracing for a holiday shopping season unlike any other. Some, like Victoria's Secret and Bath & Body Works parent L Brands, are warning that pandemic-related restrictions and a surge...
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Unsealed Ghislaine Maxwell deposition appears to show attorneys questioning...
Summary List PlacementAttorneys appeared to probe Jeffrey Epstein's relationship with Victoria's Secret founder Les Wexner in a deposition of Ghislaine Maxwell, which was unsealed on Thursday. The...
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Victoria's Secret Lingerie replaces its CEO after bruising year of store...
Summary List PlacementOn Wednesday, L Brands announced the CEO of Victoria's Secret Lingerie, John Mehas, would be replaced. L Brands — parent company for Victoria's Secret and Bath and Body Works —...
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It's not just Jeff Bezos — more than a dozen CEOs announced transition plans...
Summary List PlacementAmazon's CEO Jeff Bezos is one of more than a dozen CEOs to announce plans to step down as chief executive from major companies like MGM, IBM, Ford, and Qualcomm over the last...
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Victoria's Secret has hired ad giant WPP to help turn around the ailing...
Summary List PlacementVictoria's Secret hired ad giant WPP to handle its advertising as it looks to turn around its business, which has been wracked by slumping sales and controversy.The world's...
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How $70-a-day meal-delivery service Sakara Life became a millennial status...
Summary List PlacementIt all kicked off with a dinner party in Soho. Danielle Duboise and Whitney Tingle, two 20-something NYC transplants at the time, were charging friends "admission" to their...
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Victoria's Secret owner wants to sell the lingerie brand in a deal worth $2...
Summary List PlacementL Brands, the owner of Victoria's Secret, is reportedly on the hunt for a new buyer after a deal with a private-equity firm fell through last year, and is seeking more than double...
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Victoria's Secret is no longer up for sale. Instead, owner L Brands will spin...
Summary List PlacementVictoria's Secret is not up for sale anymore, The New York Times first reported.Victoria's Secret owner L Brands will instead spin off the lingerie brand, The Times reported. L...
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