L Brands

Victoria's Secret store Herald Square Manhattan

Real Estate

Victoria’s Secret Files Suit to Get Out of Manhattan Lease

The busy Herald Square location has been closed since March 17 to prevent the spread of the coronavirus.

clock May 27, 2020Kellie Ell

Victoria's Secret store

Intimates

Victoria’s Secret Ramps Up Spin-off, Store Closure Plans

The company will begin by closing about 250 stores this year. But execs say there will likely be more next year and beyond.

clock May 21, 2020Kellie Ell

Victoria's Secret interior store

Intimates

Victoria’s Secret Parent Company Posts $296 Million Loss

The retailer expects to close about 250 stores in North America this year.

clock May 20, 2020Kellie Ell

Victoria's Secret store

Intimates

Victoria’s Secret Staying Single; Wexner Retires

The lingerie business, owned by L Brands, isn’t seeking out a new buyer at present. Meanwhile, the c-suite shuffle continues.

clock May 14, 2020Kellie Ell

Victoria's Secret Fashion Show 2018

Intimates

Victoria’s Secret Going It Alone

Parent company L Brands calls it quits with private equity firm Sycamore Partners and plots its next move.

clock May 5, 2020Kellie Ell

Victoria's Secret Fashion Show 2018

Intimates

Victoria’s Secret Deal Canceled

Bath & Body Works will become a stand-alone firm while the lingerie business goes private and mixes up its c-suite.

clock May 4, 2020Kellie Ell

Victoria's Secret store

Financial

Victoria’s Secret Parent Company Not Paying Rent, Slashing Inventory for Spring

The lingerie giant is taking several measures to protect itself amid the pandemic.

clock April 30, 2020Kellie Ell

Victoria's Secret

Legal

Victoria’s Secret Files Complaint Against Sycamore Partners

The lingerie retailer says the private equity firm needs to pay up.

clock April 23, 2020Kellie Ell

woman in mask amid coronavirus in Montenegro

Legal

As COVID Imperils Deals, M&A Contracts May Include More Backstops

The uncertainty around the Victoria’s Secret deal means companies will seek tighter contract language to factor in the pandemic.

clock April 23, 2020Sindhu Sundar

Victoria's Secret Storefront

Financial

Sycamore Partners Tries to Cancel Victoria’s Secret Deal

The private equity firm agreed to buy the lingerie retailer before the coronavirus pandemic hit.

clock April 22, 2020Kellie Ell

online shopping

Retail

The Future of Digital Fashion Brands in the Era of Coronavirus

Many were born online and don’t have to worry about massive store closures. But will they have enough cash to outlive the virus?

clock April 15, 2020Kellie Ell

Urban Outfitters

Retail

Urban Outfitters Furloughs Employees for 60 Days Starting April 1

The retailer was just one of many companies to begin layoffs amid the coronavirus pandemic.

clock March 31, 2020Kellie Ell

Victoria's Secret store

Financial

Victoria’s Secret Sale to Sycamore Partners at Risk

The coronavirus has already begun causing casualties in the retail world. L Brands’ sale of the lingerie business might be next.

clock March 30, 2020Kellie Ell

Store closed sign

Retail

COVID-19 Retail Store Closures

Fashion reacts by temporarily closing stores or reducing hours to help prevent the spread of the coronavirus. Here’s the complete list of changes.

clock March 17, 2020Kellie Ell

Victoria's Secret storefront

Financial

Victoria’s Secret Parent Names Les Wexner’s Replacement on the Board

Sarah E. Nash will begin once the sale of the lingerie company is complete.

clock March 12, 2020Kellie Ell

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Essentialist

Today's Must Read

A shopper waits for the doors to open at the Galeries Lafayette flagship on Boulevard Haussmann in Paris.

Business

Galeries Lafayette Reopens Boulevard Haussmann Flagship

clock May 30, 2020Joelle Diderich

Social Studies