Having recently said goodbye to founder and former CEO Leslie Wexner, the Columbus, Ohio-based owner of Victoria’s Secret and Bath & Body Works reported a 37.1% decline in revenues for the first quarter on Wednesday.
L Brands said on Monday it has agreed to call off the sale of its majority stake in Victoria’s Secret lingerie business to Sycamore, averting a bitter legal battle between the two companies over the $525 million deal.
L Brands Inc filed a legal complaint against Sycamore Partners on Thursday, after the buyout firm walked away from a $525 million deal to acquire a majority stake in the company’s Victoria’s Secret lingerie brand.
Fashion events business Marriage Mantra cancelled its ‘Parineeti’ multi-brand shopping event scheduled for March 16 at the JW Marriott in Mumbai, as the city’s confirmed coronavirus cases continue to rise.
RIL’s Reliance Retail has topped Deloitte’s list of the 50 fastest growing retailers in the world between the 2013 financial year and the 2018 financial year, and was the only Indian business to be featured.
John Galliano marked a return to his old neighbourhood on a crisp Wednesday morning, with an impressive statement of his signature deranged beauty in the Marais, where he has resided for almost two decades in Paris.