The numbers, as they say, never lie. And this year, our annual ranking of the largest global beauty manufacturers by sales, tells a story of an industry — and world — rocked by the coronavirus pandemic.
Parent company L Brands raises quarterly earnings guidance twice in one month as a result.
Wexner and wife Abigail will not be up for re-election to the Victoria’s Secret’s parent company board this spring.
Meanwhile, L Brands reiterates plans to separate the lingerie brand from Bath & Body Works this summer.
Parent company L Brands said it will make a decision on the future of the lingerie business in the next six months.
The swim “magalogue” will also return March 1, as the company continues to evaluate its recovery options.
Martin Waters takes the helm as CEO of the lingerie brand with Stuart Burgdoerfer retiring as interim CEO and CFO.
Pink CEO Amy Hauk talks about the brand’s evolution to empower women.
Shareholder complaints say Wexner knew about abuse at the hands of disgraced sex offender Jeffrey Epstein — and that it cost the company money.
Parent company L Brands updated its guidance for the fourth quarter as a result.
Stores are set to open in the back half of 2021 as part of a partnership with Tel Aviv-based firm Delta Galil.