Victoria’s Secret Acquired, Leslie Wexner to Step Down

The retail executive founded L Brands — which owned Victoria’s Secret and Bath & Body Works — in 1963.Les Wexner (left) with Ed Razek in 2016.Photo: Getty Images for Fragrance Foundation/Astrid StawiarzVictoria’s Secret officially has a new owner: Sycamore Partners, a private equity firm, acquired the lingerie giant from L Brands in a deal that […]

Must Read: New Report Highlights Culture of Misogyny and Harassment at Victoria’s Secret, the Story Behind J.Lo’s Super Bowl Wardrobe

Plus, how the direct-to-consumer model will impact fashion for years.Photo: Scott Olson/Getty ImagesThese are the stories making headlines in fashion on Monday. New report highlights culture of misogyny and harassment at Victoria’s SecretL Brands, the parent company of Victoria’s Secret, has come under fire after a recent investigation by the New York Times revealed a widespread culture […]

Victoria’s Secret CEO Admits It Has Some Catching Up to Do When It Comes to Inclusive Marketing

Uh, no duh. Plus, L Brands Chief Executive Les Wexner addresses his Jeffrey Epstein problem during the company’s investor meeting.Photo: Bob Levey/Getty Images for Victoria’s SecretAfter briefly greeting attendees of the 2019 L Brands Investor Update Meeting on Tuesday, CEO Les Wexner just dove right into it: “Before I begin, I want to just take […]

Must Read: CFDA Faces Criticism Over Kara Ross Board Seat, L Brands CEO Faces Unprecedented Challenges

Plus, BlackRock makes investment in Authentic Brands Group.Cameron Silver and Kara Ross a the 2014 CFDA Fashion Awards. Photo: Dimitrios Kambouris/Getty ImagesThese are the stories making headlines in fashion on Monday.CFDA faces criticism over Kara Ross board seatThe CFDA is getting backlash over jeweler Kara Ross’s seat on its board, after it became public knowledge […]

Victoria’s Secret Downgraded to ‘Negative’ by Investment Advisors

There’s a “fallen Angels” quip to be made here somewhere.Photo: Drew Angerer/Getty ImagesIt would be putting things very mildly to say that Victoria’s Secret has had a rough go of it over the past year. The brand has been steadily losing public favor due to its almost-enthusiastic refusal to embrace a more inclusive, realistic approach […]

Must Read: L Brands to Close More Than 50 Victoria’s Secret Stores, Condé Nast Appoints Holly Shackleton as Editor-In-Chief of ‘Vogue’ International

Plus, how to build a wellness empire.Photo: Wang He/Getty ImagesThese are the stories making headlines in fashion on Thursday.L Brands to close more than 50 Victoria’s Secret storesL brands announced Wednesday that it plans to close about 53 underperforming Victoria’s Secrets in North America this year, after a weak holiday quarter: Comparable sales at the lingerie […]

Ed Razek’s Controversial Comments About Victoria’s Secret Casting Practices Continue to Attract Fallout

People within the fashion industry have begun speaking out against the chief marketing officer.The 2018 Victoria’s Secret Fashion Show finale. Photo: Thomas Concordia/Getty ImagesOn Thursday, as the 2018 Victoria’s Secret Fashion Show was set to tape, published an interview with the brand’s Chief Marketing Officer Ed Razek and Executive Vice President of Public Relations Monica […]