Striving Victoria’s Wonders ended up selling just like the female demand morale
Today, the major question is whether the immediately after sought out but now having difficulties brand name is reinvented to possess a different age bracket of women demanding warmer appearance.
Their holder, L Labels, told you Thursday that the individual-guarantee company Sycamore Lovers commonly buy 55% off Victoria’s Secret for around $525 billion. The latest Columbus, Kansas, business keeps the rest forty five% risk. Pursuing the sale, L Names could be left featuring its Shower & Human body Functions strings and you may Victoria’s Magic will become a personal team.
Les Wexner, 82, who built the brand new mother team in 1963, usually step-down once the president and you may President following transaction is finished and stay chairman emeritus.
The newest selling price having Victoria’s Wonders means a marked refuse to have a brand that have numerous stores you to definitely reserved about $eight mil in cash last year. (altro…)