Fashion Startup Founder Pleads Guilty in $300 Million Fraud
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
Columbus, United States
Beauty
Bath & Body Works Buoys Parent L Brands Amid Coronavirus Crisis
Despite a drop in total sales, digital purchases almost doubled from a year earlier to $289 million in the first quarter.
Bath & Body Works Buoys Parent L Brands Amid Coronavirus Crisis
Despite a drop in total sales, digital purchases almost doubled from a year earlier to $289 million in the first quarter.
Retail
L Brands Predicts Losses Amid Victoria's Secret Sale
The deal with investment firm Sycamore Partners looks unlikely to curb the company's quarterly net loss of $192.3 million.
L Brands Predicts Losses Amid Victoria's Secret Sale
The deal with investment firm Sycamore Partners looks unlikely to curb the company's quarterly net loss of $192.3 million.
Retail
L Brands Has Three Months to Placate Activist Investor Barington
Victoria's Secret's parent company also confirmed that it cancelled its annual fashion show. The retailer said in May that it was rethinking the format.
L Brands Has Three Months to Placate Activist Investor Barington
Victoria's Secret's parent company also confirmed that it cancelled its annual fashion show. The retailer said in May that it was rethinking the format.
Retail
The Men of Victoria’s Secret Lay Out Female-Driven Turnaround Plan
The lingerie brand has been trying to reconnect with customers who have increasingly turned to rivals that embrace female empowerment and diverse body types, like Aerie and ThirdLove
The Men of Victoria’s Secret Lay Out Female-Driven Turnaround Plan
The lingerie brand has been trying to reconnect with customers who have increasingly turned to rivals that embrace female empowerment and diverse body types, like Aerie and ThirdLove
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Retail
Jeffrey Epstein the CEO's First Talking Point at L Brands Investor Meeting
Group CEO Les Wexner employed Epstein as a personal money manager for years, building a relationship close enough for Epstein to buy his Manhattan mansion before severing ties more than a decade ago.
Jeffrey Epstein the CEO's First Talking Point at L Brands Investor Meeting
Group CEO Les Wexner employed Epstein as a personal money manager for years, building a relationship close enough for Epstein to buy his Manhattan mansion before severing ties more than a decade ago.
News & Analysis
What to Look Out for at L Brands' Investor Meeting
With company shares down 35 percent this year, investors are poised to demand answers at Tuesday's meeting. Here are some of the issues likely to be on shareholders’ minds.
What to Look Out for at L Brands' Investor Meeting
With company shares down 35 percent this year, investors are poised to demand answers at Tuesday's meeting. Here are some of the issues likely to be on shareholders’ minds.
Retail
Victoria’s Secret Considers a Change in Marketing
L Brands' admission that Victoria’s Secret needs change marks a key shift for a company that hasn’t much strayed from its push-up-bra aesthetic, despite consumer values moving towards themes such as female empowerment and body positivity.
Victoria’s Secret Considers a Change in Marketing
L Brands' admission that Victoria’s Secret needs change marks a key shift for a company that hasn’t much strayed from its push-up-bra aesthetic, despite consumer values moving towards themes such as female empowerment and body positivity.
Retail
Victoria's Secret Slumps Again as Bath & Body Works Keeps Growing
L Brands' profit beat estimates in the latest quarter but Victoria’s Secret continues to struggle amid shifting consumer demands and the group's ties to disgraced financier Jeffrey Epstein.
Victoria's Secret Slumps Again as Bath & Body Works Keeps Growing
L Brands' profit beat estimates in the latest quarter but Victoria’s Secret continues to struggle amid shifting consumer demands and the group's ties to disgraced financier Jeffrey Epstein.
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Retail
The Inner Workings of Victoria’s Secret: A Chairman and His Circle
Creative director Ed Razek is exiting Victoria’s Secret as the brand suffers from sinking sales and media reports of past links to sex offender Jeffrey Epstein. But the root of the problem may be the very thing that made the company so successful in the first place: billionaire L Brands chairman Les Wexner’s tight grip on power.
The Inner Workings of Victoria’s Secret: A Chairman and His Circle
Creative director Ed Razek is exiting Victoria’s Secret as the brand suffers from sinking sales and media reports of past links to sex offender Jeffrey Epstein. But the root of the problem may be the very thing that made the company so successful in the first place: billionaire L Brands chairman Les Wexner’s tight grip on power.
Retail
Victoria's Secret 'Angels' Mastermind, Ed Razek, Has Resigned
The executive's work at the company has been under intense scrutiny for the past year.
Victoria's Secret 'Angels' Mastermind, Ed Razek, Has Resigned
The executive's work at the company has been under intense scrutiny for the past year.
News & Analysis
Victoria’s Secret Hires Transgender Model Following Criticism
Amid criticism for its lack of diversity, the American lingerie seeks out its first transgender model.
Victoria’s Secret Hires Transgender Model Following Criticism
Amid criticism for its lack of diversity, the American lingerie seeks out its first transgender model.
News & Analysis
L Brands Confirms It Will Review Jeffrey Epstein's Role at Company
The Victoria’s Secret owner is taking legal steps to investigate the company’s relationship to Jeffrey Epstein, following his new charges.
L Brands Confirms It Will Review Jeffrey Epstein's Role at Company
The Victoria’s Secret owner is taking legal steps to investigate the company’s relationship to Jeffrey Epstein, following his new charges.
The News in Brief
Victoria’s Secret Forecasts Its Best Year Since L Brands Split
The underwear company is anticipating net sales of at least $6.85 billion in the current fiscal year, exceeding analyst estimates and marking the highest revenue since its split from L Brands Inc in 2021.
Uniqlo Aims to Grow Tenfold in India With Summer-Centric Clothes
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Oasis Pressures Kao in Latest Japan Activist Investor Push
Activist fund Oasis Management Co. is calling on the Japanese personal care company to convene an extraordinary general meeting, seeking a probe into its supply-chain risk management and internal control.
American Eagle Forecasts Sales Growth Above Estimates on Demand From Wealthy Shoppers
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.
Missoni Family Exits Namesake Brand
The transaction gives FSI, a Milan-based private equity fund, a controlling share in the Italian luxury house, as more founder-owned brands turn to investors to fund growth and weather a tough global market.
Ross Stores Forecasts Annual Sales Above Estimates on Resilient Demand for Discounted Apparel
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.
Abercrombie & Fitch Forecasts Muted Annual Sales Amid Tariff Uncertainty
The retailer said it was accounting for the 15 percent tariff announced by US president Donald Trump after the Supreme Court struck down most of his earlier tariffs.