As of today, L Brands is no more. Nearly 60 years after businessman Les Wexner borrowed $10,000 to open The Limited’s first location in Ohio, the company’s two remaining brands — Victoria’s Secret and Bath & Body Works — are charting their own paths as...
Victoria’s Secret will be spinning out of parent company L Brands into a new public entity as of next month, CNBC writes, as the fashion company tries to move on from its usual place in traditional malls. The new entity will be known as Victoria’s...
In today’s top retail news, Donna James is expected to chair the board of a standalone Victoria’s Secret, while Ace Hardware announced that its “Ace Rewards Day” is returning. Plus, the Honest Company reported rising first-quarter sales. Former Nationwide Exec Expected To Chair Board Of Standalone...
In today’s top retail news, HanesBrands posted $1.51 billion in net sales from continuing operations for Q1, while L Brands’ board has unanimously approved a plan to split up the firm into two public and independent companies. Plus, The RealReal reported Q1 gross merchandise value...
July 19, 2021
Victoria’s Secret will be spinning out of parent company L Brands into a new public entity as of next month, CNBC writes, as the fashion company tries to move on from its usual place in traditional malls. The new entity will be known as Victoria’s Secret & Co. CEO Martin Waters has said the company […]
May 11, 2021
L Brands’ board of directors has unanimously given the go-ahead to a plan to split the firm into two public and independent companies: Victoria’s Secret and Bath & Body Works....
April 22, 2020
Sycamore Partners, the private equity firm seeking to buy out Victoria’s Secret, is now looking at backing out of the deal after the retailer closed its U.S. locations and let...
March 17, 2020
Nordstrom Inc. is shuttering its brick-and-mortar retail locations for two weeks in the United States and Canada, with the inclusion of Nordstrom Rack stores, to restrict the proliferation of the...
