
The international company, which oversees brands such as Victoria’s Secret and Bath & Body Works, reported a decrease in sales for this quarter, falling 7 percent compared to last year’s earnings.
52 published items with the word (s) or phrase La Senza in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
The international company, which oversees brands such as Victoria’s Secret and Bath & Body Works, reported a decrease in sales for this quarter, falling 7 percent compared to last year’s earnings.
Agent Provocateur is protecting its US store leases, in order to sell the stores to Four Marketing. The retail locations were left without an owner after the company's acquisition in March.
Lingerie brand Agent Provocateur could be facing a pre-pack administration that would allow it to be bought without being saddled with some of its liabilities, and a deal could be imminent, according to reports.
Former La Senza owner Lion is understood to be among a group of potential buyers for underperforming lingerie chain Agent Provocateur. Other interested buyers include also specialist turnaround investor Endless and Etam.
The Ohio-based retailer will likely declare bankruptcy and possibly a liquidation as early as this week or next. Analysts cite the chain's dependency on shopping mall traffic as the reason for its downfall.
Victoria's Secret is grappling with a growing trend of millenial consumers' preference for cheaper, unstructured bralettes over the brand's core offering: the push-up bra.
La Senza is believed to be quitting the Russian market with local press reports saying all stores under the L Brands-owned label are being closed, the last due to shut later this month.
Victoria’s Secret owner, L Brands, reported net sales of $2.8 billion for the second quarter ended July 30, 2016, up 5% on the previous year. On a like-for-like bases, sales grew by 3%.
Singapore fashion and lifestyle group FJ Benjamin Holdings said quarterly revenues fell 13% for the period ended March 31. It follows the closure of under-performing stores.
Victoria's Secret owner L Brands Inc reported March sales at established stores above analysts' expectations and said it would restructure its business to focus on core categories.