Following Barrington Capital’s suggestion on Tuesday that L Brands separate its Victoria's Secret and Bath & Body Works brands, the retailer has issued a statement detailing its efforts to improve its performance.
The former Guess CEO has been named non-executive director and chairman of the sustainability committee of Global Fashion Group, the portfolio of fashion e-commerce platforms including The Iconic, Zalora and Dafiti.
The 160,100 sq ft store will be almost four times the size of the retailer’s existing store in Birmingham, and feature a beauty studio for nails, make-up, hair and lashes, a barber shop and three dining experiences.
Belgian lingerie group Van de Velde (Marie Jo, Andres Sardà, PrimaDonna) has published its consolidated results for 2018. Revenue reached €205.2 million, down 1.8% compared to 2017, as anticipated in January.
The Victoria’s Secret parent company reported dips in Q4 and full-year 2018 earnings on Wednesday and announced a disappointing outlook for 2019, leading shares in the company to tumble more than 8% in extended trading.
The first client for Fosun's new dedicated company to help brands into the Chinese market is its own Wolford brand, which thinks it can achieve similar revenue levels to the US and Germany in the country.