The UK arm of US lingerie retailer Victoria’s Secret is reportedly being put into liquidation. A spokesperson for administrators Teneo said a judge has approved the liquidation for what’s left of the UK part of the business, which will allow dividends to be paid to creditors, according to PA Media. It is understood that because Victoria’s Secret...
Aug 3, 2021
Victoria’s Secret Pink has announced it will be working with Grammy-nominated artists Chloe and Halle Bailey. The sisters have revealed their favorite Pink styles to wear and will also be launching exclusive capsule collections. The duo’s favorite loungewear, activewear, intimates, and accessories can be viewed online. Victoria’s Secret Pink...
Jun 3, 2021
Victoria’s Secret owner L Brands has announced it will be cutting around 15 percent of its head office workforce in a bid to cut costs amid the Covid-19 pandemic. The move is part of a wider strategy by L Brands which aims to deliver approximately 400 million dollars in annual cost reductions. Approximately 175 million dollars of savings are...
Aug 3, 2020
New York – On Wednesday, Victoria’s Secret’s parent company, L Brands, was soaring on the trading floor. The multi-brand group presented their ‘Go Forward Strategy’ to shareholders and the market has been cherishing those plans ever since. L Brands Inc (NYSE: LB) announced it sees 400 million dollars annualised cost reductions through a profit...
Jul 30, 2020
Next has reportedly been selected as the preferred UK franchise partner for the UK arm of Victoria’s Secret. The British retailer has agreed to an outline deal to take over the brand, according to Sky News. But the future of its retail estate reportedly depends on whether Victoria's Secret UK's landlords will agree to restructuring its lease...
Jul 16, 2020
British retail giants Marks & Spencer and Next are reportedly both interested in taking control of the UK arm of Victoria’s Secret after its owner L Brands placed it into administration with Deloitte earlier this month. At least one other unnamed party is also interested, Sky News reported on Friday. The news came the same day that Victoria's...
Jun 27, 2020
New York – The filing for creditor protection covering their UK’s business is a wrap to quite a hectic week for Victoria’s Secret. The lingerie brand’s parent group, L Brands Inc. is facing a lawsuit for records of “a toxic culture”, as it emerged on Thursday. Prior to that, L Brands saw their deal to spin off Victoria’s Secret cancelled amidst...
Jun 5, 2020
L Brands is planning to close around a quarter of the Victoria’s Secret stores across the US and Canada in the coming months. The company said it plans to close 250 stores and might close more in the coming years. In an earnings call on Thursday, chief financial officer Stuart Burgdoerfer said it was a "very significant decision" intended to...
May 22, 2020
L Brands is nearing a deal to sell ailing lingerie brand Victoria’s Secret to private equity company Sycamore Partners, according to a report published by CNBC on Sunday night. Quoting sources familiar with the matter, the report says the deal could be announced as early as this week. L Brands’ owner Leslie Wexner is under mounting pressure due...
Feb 10, 2020
With sales faltering, its fashion show canceled and consumers migrating to body positive brands such as Savage x Fenty, a new report by the New York Times came to add another nail in Victoria’s Secret coffin. More than 30 current and former executives, employees, contractors and models interviewed by the newspaper have accused former Chief...
Feb 3, 2020
So these were the 2010s. An exciting decade that began, for the fashion industry, with the tragic suicide of Alexander McQueen in February 2010 and closed with Karl Lagerfeld’s death in 2019. Two giants of fashion, both had a decisive influence on fashion in the years before their deaths, and their absences have left large gaps. In this review,...
Dec 17, 2019
Victoria's Secret has launched a partnership with London-based lingerie label Bluebella. The partnership will see the launch of a Bluebella collection on 4 October that spans bras, panties, lingerie, sleepwear, and hosiery, and features product details including luxurious velvets, lustrous satins, and delicately embroidered laces. The collection...
Oct 7, 2019
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