Hints and tips:
...Back home, Victoria’s Secret expects to open as many as 20 stores and renovate another 50 this year, as it expands outside of malls....
...As many as 80 per cent of the portfolio companies sold last year by the funds he’d backed were sold either to other buyout groups or to continuation funds, and this was “not good business”, he said....
...Further growth came through the Victoria’s Secret catalogue, back when it collated products from other brands....
...Company earnings Kitchen and home furnishing retailer Williams-Sonoma, lingerie company Victoria’s Secret, and apparel maker Guess are the latest retailers to publish earnings....
...The business, founded by billionaire Leslie Wexner, will operate as two separate companies, bringing an end to a process that has dragged on for months as executives weighed up how best to maximise the success...
...Lingerie has democratised quite a bit,” he added. Victoria’s Secret has struggled to adapt....
...Meanwhile, debt financing dried up, shares in Blackstone, Apollo, Carlyle and KKR tumbled, pre-crisis deals for Amex’s business travel unit and Victoria’s Secret were called off, and the hit to portfolio...
...The transaction, announced in February, had been in doubt as Sycamore sought to exit the buyout by filing a lawsuit in Delaware accusing Victoria’s Secret owner, L Brands, of improperly operating the retail...
...Martin Waters, head of Victoria’s Secret lingerie, has been promoted to chief executive of the brand. The company has launched a search for Burgdoerfer’s replacement as chief financial officer....
...closed most of its 1,600 Victoria’s Secret stores and began laying off workers or cutting their pay....
...“I’m satisfied that the company is doing financially very well, but even more satisfied when I go into a restaurant and get a standing ovation because everybody feels that we saved the world,” he told Yahoo...
...With malls as passé as buxom supermodels trussed up in sapphire-studded bras, Victoria’s Secret is on the wrong side of history. High time for Mr Wexner to call it a day....
...Figures this week showed third-quarter revenues dropped 23 per cent at Macy’s and 14 per cent at Victoria’s Secret....
...Started as Melvin Simon & Associates in Indianapolis in 1960, the company was central to a national building boom as families flocked to the suburbs....
...In April, private equity firm Sycamore Partners, which had agreed to buy a majority stake in troubled lingerie retailer Victoria’s Secret, accused the chain’s owner, L Brands, of not operating in the “ordinary...
...Tens of thousands of retail workers are already being furloughed without pay at Victoria’s Secret owner L Brands, while Macy’s warned its workforce of about 125,000 on Monday that it was unclear when stores...
...The company has worked with luxury brands such as Hermès and Marie-Hélène de Taillac’s Hot Pink store in Jaipur on their cashmere pieces, and offers a contemporary line made from cashmere and merino wool...
...In February, it agreed to buy a majority stake in the storied but troubled lingerie merchant Victoria’s Secret from its parent, L Brands, for $525m....
...As well as the exchange rate issue, Victoria’s Secret is dealing with pressure on its underlying business in the UK similar to what is it facing in the US....
...The owner of Crew Clothing is doing its best to walk away from buying suit-seller Moss Bros. This week, a deal to buy lingerie group Victoria’s Secret fell through....
...(FT) Victoria’s Secret’s shame An investigation uncovered a culture of widespread bullying and harassment of models and employees at Victoria’s Secret....
...Swimwear had been a roughly $500m business the company said in early 2015, and noted at the time that “when we are in the swim business, it drives new customers to Victoria’s Secret”....
...sector dealmaking intensifies (FT) + (Lex) Juul investors face writedowns after Altria decision (FT) ‘Angels’ in hell: The culture of misogyny inside Victoria’s Secret (NYT) India plans $30bn assets...
...Retail includes commercial property and liability exposures, which includes business interruption and general liability cover....
...of Victoria’s Secret....
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