Henri Bendel
- BusinessWWD
Victoria’s Secret Has a New Owner; Wexner to Exit
Victoria’s Secret has been sold — and Les Wexner is stepping aside.Parent company L Brands sold 55 percent of the intimates giant to Sycamore Partners for $525 million. The deal includes the Pink brand. Victoria's Secret will become a private company, while L Brands' remaining operation, Bath & Body Works, will become a standalone public firm. “The Board undertook a comprehensive review of a broad range of options to best position its brands for long-term success and drive shareholder value," A
9 min read - NewsYahoo Life
Here’s How Retailers Are Trying to Cash In on Winter Storm Stella
Winter Storm Stella is likely to leave New Yorkers comfy on the couch and out of stores — but that doesn’t mean they won’t shop online. Up to two feet of snow thanks to Winter Storm Stella may discourage New Yorkers from leaving their homes, but that doesn’t mean shoppers won’t spend any money from the couch. Retailers’ online marketing teams, keen to the storm’s impact, wasted no time on Tuesday sending a flurry of emails to shoppers likely stuck working from home.
