Parent company L Brands files for credit protection in the U.K., a move that will impact the lingerie business’ 25 U.K. stores.
The busy Herald Square location has been closed since March 17 to prevent the spread of the coronavirus.
The company will begin by closing about 250 stores this year. But execs say there will likely be more next year and beyond.
“Meg is the energy we were looking for,” said Rihanna.
The retailer expects to close about 250 stores in North America this year.
Brands like Wacoal America and ThirdLove donate bras and underwear to medical personnel working on the front lines of the pandemic.
The lingerie giant is taking several measures to protect itself amid the pandemic.
That’s good news for (some) retailers.
The lingerie retailer says the private equity firm needs to pay up.
The private equity firm agreed to buy the lingerie retailer before the coronavirus pandemic hit.