Markets

Victoria’s Secret could be sold to a private-equity investor this week

L Brands could announce a deal to sell Victoria’s Secret to Sycamore Partners this week, CNBC reported. The lingerie label’s parent company has faced criticism over CEO Les Wexner’s close ties to Jeffrey Epstein. Victoria’s Secret is also under fire after a New York Times exposé described a sexist, bullying […]
Victoria’s Secret could be sold to a private-equity investor this week
Markets

Warren Buffett could soon become the S&P 500’s most veteran CEO

Warren Buffett could soon become the S&P 500’s most veteran CEO. Buffett has led Berkshire Hathaway for 50 years, second only to Lee Wexner’s tenure at L Brands. Wexner is reportedly in talks to resign after his ties to Jeffrey Epstein drew intense scrutiny. The Victoria’s Secret billionaire was also […]
Warren Buffett could soon become the S&P 500’s most veteran CEO
Lifestyle

From Victoria’s Secret to Prince Andrew: Jeffrey Epstein connections just keep derailing the careers of billionaires, royals, and the like. Here’s the full list.

Les Wexner, the CEO of Victoria’s Secret owner L Brands and Jeffrey Epstein’s only confirmed client, is in talks to step down after 57 years, The Wall Street Journal reported Wednesday. Billionaire financier Glenn Dubin is retiring from his hedge fund, Engineers Gate, months after reports that his personal relationship […]
From Victoria’s Secret to Prince Andrew: Jeffrey Epstein connections just keep derailing the careers of billionaires, royals, and the like. Here’s the full list.
Markets

‘So bad, it’s good’: A Wall Street analyst says recent struggles make it the perfect time to buy stock in Victoria Secret’s parent company

On Friday, Deutsche Bank analyst Tiffany Kanaga upgraded Victoria’s Secret parent company L Brands stock to “buy” and raised her price target to $US24 because it’s “so bad, it’s good.” The upgrade comes after Victoria’s Secret reported dismal holiday sales. The weak performance increases the chance the company will be […]
‘So bad, it’s good’: A Wall Street analyst says recent struggles make it the perfect time to buy stock in Victoria Secret’s parent company
News

Victoria’s Secret is teaming up with a brand that has a history of criticising the lingerie world for not being inclusive enough

Victoria’s Secret is launching a partnership with lingerie company Bluebella on Friday. The collection is now for sale on Victoria’s Secret’s website. Munro Bergdorf, a transgender model who was the face of Bluebella’s 2019 Valentine’s Day campaign, has criticised Victoria’s Secret in the past. In an interview with Vogue in […]
Victoria’s Secret is teaming up with a brand that has a history of criticising the lingerie world for not being inclusive enough
News

Victoria’s Secret head Les Wexner writes in a letter to his foundation that he is ’embarrassed’ he was ‘deceived’ by Jeffrey Epstein. Read the full letter.

Les Wexner, the CEO and founder of Victoria’s Secret parent company L Brands, wrote in a letter to his namesake Wexner Foundation on Wednesday that he was “deceived” by convicted sex offender Jeffrey Epstein, his former financial advisor. Wexner outlined his relationship with Epstein and condemned the behaviour his former […]
Victoria’s Secret head Les Wexner writes in a letter to his foundation that he is ’embarrassed’ he was ‘deceived’ by Jeffrey Epstein. Read the full letter.
News

Inside the relationship between Victoria’s Secret head Les Wexner and convicted sex offender Jeffrey Epstein, from ‘close personal friends’ to severed ties

Les Wexner, the CEO of Victoria’s Secret parent company L Brands, has come under intense scrutiny for his relationship with convicted sex offender Jeffrey Epstein. Epstein was arrested and charged with sex trafficking of minors in July. Epstein was Wexner’s financial advisor, but their relationship often went beyond the parameters […]
Inside the relationship between Victoria’s Secret head Les Wexner and convicted sex offender Jeffrey Epstein, from ‘close personal friends’ to severed ties
News

Jeffrey Epstein reportedly partnered with Victoria’s Secret head Les Wexner to build a model town with McMansions costing as much as $4.5 million

New York-based financier Jeffrey Epstein was arrested over the weekend on suspicion of sex trafficking minors. He pleaded not guilty on July 8. Epstein’s relationship with high-profile figures including L Brands CEO and founder Les Wexner has come under scrutiny over the past few days. Wexner was one of Epstein’s […]
Jeffrey Epstein reportedly partnered with Victoria’s Secret head Les Wexner to build a model town with McMansions costing as much as $4.5 million
News

Registered sex offender Jeffrey Epstein once tried to gift Les Wexner with a $339,000 portrait of the Victoria’s Secret head’s family that was so controversial it sparked a lawsuit

New York-based financier Jeffrey Epstein has been arrested on suspicion of sex trafficking minors. His relationship with L Brands CEO and founder Les Wexner has come under scrutiny. A Wexner spokesperson said that the businessman – who helms the company that owns Victoria’s Secret – cut ties with Epstein years […]
Registered sex offender Jeffrey Epstein once tried to gift Les Wexner with a $339,000 portrait of the Victoria’s Secret head’s family that was so controversial it sparked a lawsuit
Lifestyle

Here are all the famous people Jeffrey Epstein was connected to

Epstein, a financier and registered sex offender, was known for jet-setting with the likes of Bill Gates, President Bill Clinton, and Prince Andrew, the third child of the UK’s Queen Elizabeth. Wall Street billionaire Leon Black paid Epstein at least $US50 million in consulting and other fees between 2012 and […]
Here are all the famous people Jeffrey Epstein was connected to
News

People slammed Victoria’s Secret after its marketing chief made controversial comments about transgender models, but he didn’t resign. This could be why, according to former executives.

Victoria’s Secret came under scrutiny in November after Ed Razek, chief marketing officer of parent company L Brands, made controversial comments about featuring transgender and plus-size models in its annual runway show. His comments, shared during an interview with Vogue, sparked an outcry online, and critics called for his resignation. […]
People slammed Victoria’s Secret after its marketing chief made controversial comments about transgender models, but he didn’t resign. This could be why, according to former executives.
News

Victoria’s Secret has a new CEO for its lingerie business

Victoria’s Secret has a new CEO to run its lingerie business. John Mehas, who is currently president of Tory Burch, will be taking up the position. He replaces former CEO Jan Singer, who was at the company for two years. The brand has struggled in recent years and did not […]
Victoria’s Secret has a new CEO for its lingerie business
Markets

ANALYST: Victoria’s Secret is trading at ‘negative value’

Victoria’s Secret is losing an estimated $US800 million in profits, according to RBC Capital Markets analyst Brian Tunick. Wall Street appears to be assigning “little to negative value” to the franchise, he said. Bath & Body Works contributed over 70% of L Brands‘ bottom line this year. Pink, another adjacent […]
ANALYST: Victoria’s Secret is trading at ‘negative value’
Markets

A ‘scary’ development is taking place at Victoria’s Secret

L Brands‘ Victoria’s Secret is breaking its brand image and losing pricing power, according to Jefferies. Pink is now more promotional than core Victoria’s Secret. Watch L Brands trade in real-time here. Victoria’s Secret owner L Brands is breaking its brand image by selling cheap underwear. Body By Victoria bras, […]
A ‘scary’ development is taking place at Victoria’s Secret
Markets

Victoria’s Secret can’t pin its struggles on the retail apocalypse

Victoria’s Secret and PINK, owned by L Brands, have been struggling with growth. April marked the second month of declining sales for the two sister stores. The two lingerie brands may be hitting their ceiling after years of dominating the lingerie market. Watch L Brands trade in real time here. […]
Victoria’s Secret can’t pin its struggles on the retail apocalypse