Victoria’s Secret Shares Fall on Slowing Sales Growth
Shares in the lingerie maker tumbled in premarket trading on Thursday after it boosted guidance but showed a slower pace of growth.

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The brand has begun its turnaround strategy led by China market head Adrian Siu, focussing on ‘hyperlocalisation’.

The brand has begun its turnaround strategy led by China market head Adrian Siu, focussing on ‘hyperlocalisation’.

The contemporary label is on track to hit nearly $300 million in sales this year. Up next are stores and new wholesale accounts in Asia, Europe and the Middle East.

The contemporary label is on track to hit nearly $300 million in sales this year. Up next are stores and new wholesale accounts in Asia, Europe and the Middle East.

American boutique chain Francesca’s has acquired Richer Poorer, a 13-year-old basics and loungewear brand, the companies told BoF Monday.

American boutique chain Francesca’s has acquired Richer Poorer, a 13-year-old basics and loungewear brand, the companies told BoF Monday.

The licensing group — which also owns Brooks Brothers and Juicy Couture, among others — will have a majority stake in a new Vince entity, with will license the brand back to Vince to operate its existing wholesale, retail and online business.

The licensing group — which also owns Brooks Brothers and Juicy Couture, among others — will have a majority stake in a new Vince entity, with will license the brand back to Vince to operate its existing wholesale, retail and online business.

From Coachella to Paramount’s hit TV show Yellowstone, the Western look has become ubiquitous in mainstream culture. The trend, stakeholders say, was driven by the pandemic and shifting political views.

From Coachella to Paramount’s hit TV show Yellowstone, the Western look has become ubiquitous in mainstream culture. The trend, stakeholders say, was driven by the pandemic and shifting political views.

The brand will cut as many as 50 jobs as it moves its headquarters from London to Switzerland.

The brand will cut as many as 50 jobs as it moves its headquarters from London to Switzerland.

A panel of experts discuss how luxury retailers can use digital integration, environmental standards and inclusive luxury to best cater to their customers.

A panel of experts discuss how luxury retailers can use digital integration, environmental standards and inclusive luxury to best cater to their customers.

The label founded by Lauren Chan will fold into the larger direct-to-consumer retailer and Chan will join the company as head of brand partnerships.

The label founded by Lauren Chan will fold into the larger direct-to-consumer retailer and Chan will join the company as head of brand partnerships.

In an uncertain economy, brands must be as efficient as possible, protecting margins by eliminating non-essential costs, reducing SKUs and negotiating with suppliers.

In an uncertain economy, brands must be as efficient as possible, protecting margins by eliminating non-essential costs, reducing SKUs and negotiating with suppliers.

Higher interest rates are forcing companies to make tough choices about what projects to pursue and where to make cuts.

Higher interest rates are forcing companies to make tough choices about what projects to pursue and where to make cuts.

Today’s luxury shoppers have high expectations for what experiential shopping needs to deliver, as a new report from BoF Insights, in partnership with upcoming shopping district Royalmount, reveals.

Today’s luxury shoppers have high expectations for what experiential shopping needs to deliver, as a new report from BoF Insights, in partnership with upcoming shopping district Royalmount, reveals.
Shares in the lingerie maker tumbled in premarket trading on Thursday after it boosted guidance but showed a slower pace of growth.
The penalties are part of a law passed in June that targets the extreme end of fast fashion and aims to address environmental concerns from overproduction.
Existing investors in the fast-fashion giant who participated in the offer include billionaire Michael Bloomberg's family office Willett Advisors, French billionaire entrepreneur and investor Xavier Niel and Microsoft Corp.
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