Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
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Beauty
Bath & Body Works Buoys Parent L Brands Amid Coronavirus Crisis
Despite a drop in total sales, digital purchases almost doubled from a year earlier to $289 million in the first quarter.
Bath & Body Works Buoys Parent L Brands Amid Coronavirus Crisis
Despite a drop in total sales, digital purchases almost doubled from a year earlier to $289 million in the first quarter.
Retail
L Brands Predicts Losses Amid Victoria's Secret Sale
The deal with investment firm Sycamore Partners looks unlikely to curb the company's quarterly net loss of $192.3 million.
L Brands Predicts Losses Amid Victoria's Secret Sale
The deal with investment firm Sycamore Partners looks unlikely to curb the company's quarterly net loss of $192.3 million.
Retail
L Brands Has Three Months to Placate Activist Investor Barington
Victoria's Secret's parent company also confirmed that it cancelled its annual fashion show. The retailer said in May that it was rethinking the format.
L Brands Has Three Months to Placate Activist Investor Barington
Victoria's Secret's parent company also confirmed that it cancelled its annual fashion show. The retailer said in May that it was rethinking the format.
Retail
The Men of Victoria’s Secret Lay Out Female-Driven Turnaround Plan
The lingerie brand has been trying to reconnect with customers who have increasingly turned to rivals that embrace female empowerment and diverse body types, like Aerie and ThirdLove
The Men of Victoria’s Secret Lay Out Female-Driven Turnaround Plan
The lingerie brand has been trying to reconnect with customers who have increasingly turned to rivals that embrace female empowerment and diverse body types, like Aerie and ThirdLove
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Retail
Jeffrey Epstein the CEO's First Talking Point at L Brands Investor Meeting
Group CEO Les Wexner employed Epstein as a personal money manager for years, building a relationship close enough for Epstein to buy his Manhattan mansion before severing ties more than a decade ago.
Jeffrey Epstein the CEO's First Talking Point at L Brands Investor Meeting
Group CEO Les Wexner employed Epstein as a personal money manager for years, building a relationship close enough for Epstein to buy his Manhattan mansion before severing ties more than a decade ago.
News & Analysis
What to Look Out for at L Brands' Investor Meeting
With company shares down 35 percent this year, investors are poised to demand answers at Tuesday's meeting. Here are some of the issues likely to be on shareholders’ minds.
What to Look Out for at L Brands' Investor Meeting
With company shares down 35 percent this year, investors are poised to demand answers at Tuesday's meeting. Here are some of the issues likely to be on shareholders’ minds.
Retail
Victoria’s Secret Considers a Change in Marketing
L Brands' admission that Victoria’s Secret needs change marks a key shift for a company that hasn’t much strayed from its push-up-bra aesthetic, despite consumer values moving towards themes such as female empowerment and body positivity.
Victoria’s Secret Considers a Change in Marketing
L Brands' admission that Victoria’s Secret needs change marks a key shift for a company that hasn’t much strayed from its push-up-bra aesthetic, despite consumer values moving towards themes such as female empowerment and body positivity.
Retail
Victoria's Secret Slumps Again as Bath & Body Works Keeps Growing
L Brands' profit beat estimates in the latest quarter but Victoria’s Secret continues to struggle amid shifting consumer demands and the group's ties to disgraced financier Jeffrey Epstein.
Victoria's Secret Slumps Again as Bath & Body Works Keeps Growing
L Brands' profit beat estimates in the latest quarter but Victoria’s Secret continues to struggle amid shifting consumer demands and the group's ties to disgraced financier Jeffrey Epstein.
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Retail
The Inner Workings of Victoria’s Secret: A Chairman and His Circle
Creative director Ed Razek is exiting Victoria’s Secret as the brand suffers from sinking sales and media reports of past links to sex offender Jeffrey Epstein. But the root of the problem may be the very thing that made the company so successful in the first place: billionaire L Brands chairman Les Wexner’s tight grip on power.
The Inner Workings of Victoria’s Secret: A Chairman and His Circle
Creative director Ed Razek is exiting Victoria’s Secret as the brand suffers from sinking sales and media reports of past links to sex offender Jeffrey Epstein. But the root of the problem may be the very thing that made the company so successful in the first place: billionaire L Brands chairman Les Wexner’s tight grip on power.
Retail
Victoria's Secret 'Angels' Mastermind, Ed Razek, Has Resigned
The executive's work at the company has been under intense scrutiny for the past year.
Victoria's Secret 'Angels' Mastermind, Ed Razek, Has Resigned
The executive's work at the company has been under intense scrutiny for the past year.
News & Analysis
Victoria’s Secret Hires Transgender Model Following Criticism
Amid criticism for its lack of diversity, the American lingerie seeks out its first transgender model.
Victoria’s Secret Hires Transgender Model Following Criticism
Amid criticism for its lack of diversity, the American lingerie seeks out its first transgender model.
News & Analysis
L Brands Confirms It Will Review Jeffrey Epstein's Role at Company
The Victoria’s Secret owner is taking legal steps to investigate the company’s relationship to Jeffrey Epstein, following his new charges.
L Brands Confirms It Will Review Jeffrey Epstein's Role at Company
The Victoria’s Secret owner is taking legal steps to investigate the company’s relationship to Jeffrey Epstein, following his new charges.
The News in Brief
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.
Skincare Brand Prequel Appoints C-Suite
The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.
Moncler Group Second-Quarter Sales Rise 5% as Stone Island Brand Outperforms
Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.
Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace
The British luxury handbag maker reported a strong start to fiscal 2027 as CEO Andrea Baldo’s strategy gains traction and the brand gears up for designer Christopher Kane’s runway debut in September.
Phillip Lim Announces New Brand PlayLoveWin
The designer departed his namesake label 3.1 Phillip Lim in November 2024 to pursue personal projects.