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Victoria’s Secret witnessed an escalating sales growth in its third fiscal quarter, suggesting that the company’s revamp strategies are gaining traction. The retail giant reported net sales of US$1.472 billion for the quarter ending November 1, marking a 9…
The international lingerie brand, Triumph, has announced plans to exit Mainland China, one of the world’s largest retail markets, by the end of this year. This decision marks the end of a long-standing presence in the region, spanning over several decades.…
Founder and Director, Neha Kant, says that apart from the 10 EBOs in Delhi, the brand has 2 EBOs in Gujarat and 1 in West Bengal. The average size of a Clovia store is between 275 and 400 sq. ft. “Aside from this, we are also present in 50+ shop-in-shops in…
Victoria’s Secret & Co has made several leadership changes as the company focuses on strengthening its core brands. The company said the move is part of its “Path to Potential” strategy, which aims to build momentum across its Victoria’s Secret, Pink and…
Victoria’s Secret swung to a net income despite lower sales in the fiscal second quarter, which an analyst attributes to better inventory management discipline and efficient cost control. The lingerie and perfume brand’s net income was US$32.1 million, while…
It was December 2018 when the last Victoria’s Secret Fashion Show aired on CBS. A year earlier, the show garnered a billion viewers worldwide, but its size and success had blinkered the company to both the cultural shifts being brought about by a born-online…
At first glance, lingerie brand 6IXTY8IGHT’s retail store will draw you in with its pink facade, serving as a visual anchor. Its neonlight signages, with quirky quotes would make you want to whip out your phone for a quick snap; these are just the little…
Lingerie is a category that has been faring well during the pandemic as more women are forced to stay home. In line with this, Hong Kong-based lingerie retailer 6ixty8ight has announced expansion of its e-commerce operations to other Asian countries after it…
Platinum Equity announced today the signing of a definitive agreement to acquire a controlling stake in international fashion lingerie and swimwear company Hop Lun from company founder Erik Ryd. Financial terms were not disclosed. Founded by Mr. Ryd in 1992…
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…
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…
PLBY Group is to buy racy Australian luxury lingerie brand Honey Birdette for approximately US$333 million. PLBY Group CEO Ben Kohn said he is “thrilled by the brand’s potential to become a multi-million-dollar luxury lifestyle franchise”. “Our plan is…
VICTORIA’S Secret owner L Brands raised its current-quarter profit forecast for the second time this month as customers use stimulus checks to buy everything from scented candles to lingerie, sending its shares to a three-year high. The company on Friday also…
A 52-year-old Indian lingerie model is pushing e-commerce firms to hire older women for their advertising campaigns, challenging what she says are the ageist norms practiced by many companies. Geeta J, a former teacher who took to modeling when she turned 50,…
The Italian luxury lingerie label has opened their latest boutique at Lee Gardens in Causeway Bay, Hong Kong. Occupying an area of 710sq ft, the new store adorns La Perla’s usual elegant design and reflects the ‘brand’s unique aesthetic philosophy, merging…
Martin Waters, who currently leads the troubled brand’s lingerie division, has been promoted to CEO of business as a whole. He will take over from L Brand CFO Stuart Burgdoerfer who has served as interim chief executive at Victoria’s Secret for the past nine…
