Parent company L Brands said it will make a decision on the future of the lingerie business in the next six months.
The fashion group logged a $178 million profit, its second consecutive quarter of gains amid the pandemic.
Target also revealed holiday sales were boosted by online shopping.
Goldman Sachs is backing the beauty technology company.
The mega-star is asking for $100 million and complete control.
The move comes as a number of companies and brands try to take share in the growing activewear market.
Meanwhile, the retailer continues with its plans to spinoff the lingerie brand into a private, stand-alone firm.
Meanwhile, company shares have remained mostly flat after the news broke of Zeitlin’s past behavior, closing up just 0.37 percent Wednesday.
The investment banking firm has instituted a more casual dress code.
The e-commerce platform latest influx brings its total funding to more than $200 million.
Brand’s mantra is seasonless, sustainable and technical.
Bvlgari's Jean-Christophe Babin describes diversity and inclusion as an ethos embedded into the renowned brand.