Additions to the brand's leadership include Martin Waters as CEO; Laura Miller as chief HR officer; Becky Behringer as VP of North America store sales and operations; and Janie Schaffer as chief design officer.
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.