Victoria Secret

Retail Asia27/01/2022

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In a statement, Victoria’s Secret CEO Martin Waters called Regina Miracle “a valued merchandise supplier partner for more than twenty years.” The brand is maintaining control of its business in China, but has turned to a local, known player to run it, and that makes sense, according to Jane Hali, chief executive at Jane Hali & […]

Retail Asia17/08/2021

Victoria’s Secret is expanding its online presence in China with the launch of a flagship store on JD, the e-commerce platform. A representative from JD’s underwear business said the collaboration of the two companies not only expands JD’s cooperation with international fashion brands, but also provides additional choices for JD’s customers pursuing high-quality products. The […]

Retail Asia20/07/2020

British multinational clothing retailer Next has been selected as the intended UK franchise partner for Victoria’s Secret by the brand’s administrators. A Next partnership would give Victoria’s Secret UK access to a sophisticated digital and delivery capacity and the chance to partner with Next’s property team to bolster expansion within the territory. The deal is […]

Retail Asia26/06/2020

The high-profile Victoria’s Secret Hong Kong flagship store has been closed suddenly. According to multiple reports, employees were all laid off last night (June 24) on the even of Hong Kong’s public holiday. Signs were placed on the store’s entrance announcing the closure and telling customers they could continue to shop online. People visiting the […]

Retail Asia09/06/2020

The Victoria’s Secret UK business has been placed in administration – and it is not just a victim of the Covid-19 crisis, says one analyst. Echoing concerns expressed in the brand’s US home market, Sofie Willmott, lead retail analyst at GlobalData, said Victoria’s Secret has lost its appeal to its target demographic. “Despite being a […]

Retail Asia07/05/2020

The ongoing saga of Victoria’s Secret’s survival took another significant turn overnight as parent L Brands confirmed the deal with private-equity company Sycamore Partners was canceled and it now plans to spin the business off. The two companies have announced a “mutual termination” of the deal – itself a twist after L Brands last month […]

Retail Asia27/04/2020

Sycamore Partners’ rescue plan for troubled lingerie retailer L Brands is all but off with the two companies headed to court after the private-equity company unilaterally canceled the bid. Sycamore agreed to pay US$525 million for a 55 percent stake in L Brands, the parent of Victoria’s Secret, back in February in a deal most […]

Retail Asia24/02/2020

That L Brands has opted to sell a majority stake in Victoria’s Secret is a tacit recognition that the brand was on the road to nowhere under its previous leadership. This is underlined by the departure of Les Wexner as CEO and chairman of the company. The deal with private-equity company Sycamore potentially gives Victoria’s Secret a […]

Retail Asia13/02/2020

L Brands is reportedly about to announce the sale of its troubled Victoria’s Secret lingerie business to private-equity company Sycamore Partners. The move would leave L Brands with just one retail business – the fast-growing Bath & Body Works, which in some US malls is reporting sales growth at 1000 basis points ahead of the […]

Retail Asia04/06/2019

A root-and-branch review of the Victoria’s Secret business has spelled the end of its famed televised catwalk shows – and even its giant flagship stores may be under threat. The world’s most famous lingerie retailer is trying to arrest falling sales and counter competition from the likes of American Eagle Outfitters’ Aerie and Rihanna’s lingerie […]

Retail Asia28/08/2017

The Victoria’s Secret Fashion Show this year is still months away. As the date and location are still shrouded in secrecy, 57 beauties have already been confirmed as part of the lineup, with a record number of Chinese faces announced to walk the more-diverse-than-ever runway. In addition to some veteran western super models, such as […]

Retail Asia21/08/2017

Second-quarter net sales fell by 8 per cent year on year to US$2.7 billion for Victoria’s Secret owner L Brands. The company says there was a negative impact of about six points with the exit from the swimwear and apparel categories, which particularly hit Victoria’s Secret comparable sales (nine points). Operating income was $300.9 million, […]

Retail Asia03/05/2017

Victoria’s Secret will open a new mega store in Macau on April 27, as the US brand eyes further Asia expansion, following its China debut store opening last February. Under parent company L Brands, the 15,000-square-foot Macau full assortment store — which not only sells its branded accessories and cosmetics but lingerie and sportswear — […]

Tag: Victoria Secret

Victoria’s Secret sells stake in China business to new JV partner

Victoria’s Secret joins JD with store

Next likely to become Victoria’s Secret UK partner

Victoria’s Secret Hong Kong flagship store abruptly shut down

Victoria’s Secret UK collapses into admin work

Victoria’s Secret sale cancelled due to spin off activity

Victoria’s Secret deal may be off as L Brands

Bargain rate for Victoria’s Secret proves it was ‘asleep in a woke market’

Private equity tipped to privatise Victoria’s Secret

Victoria’s Secret drops Broadcasted Fashion Shows

Record number of Chinese models to star Victoria’s Secret show 2017

Second quarter sales sag for Victoria’s Secret owner

Victoria’s Secret to open mega store in Macau