Additions to the brand's leadership include Martin Waters as CEO; Laura Miller as chief HR officer; Becky Behringer as VP of North America store sales and operations; and Janie Schaffer as chief design officer.
Having recently said goodbye to founder and former CEO Leslie Wexner, the Columbus, Ohio-based owner of Victoria’s Secret and Bath & Body Works reported a 37.1% decline in revenues for the first quarter on Wednesday.
The founder of the Ohio-based retailer officially stepped down from his role as CEO and chairman at the company’s annual meeting on Thursday, where discussions also focused on future plans for Victoria’s Secret.
L Brands said on Monday it has agreed to call off the sale of its majority stake in Victoria’s Secret lingerie business to Sycamore, averting a bitter legal battle between the two companies over the $525 million deal.
As the Columbus, Ohio-based retailer prepares to sell a controlling stake in its Victoria’s Secret brand to Sycamore Partners, the company has reported a net loss of $192.3 million for the fourth quarter.
Following Barrington Capital’s suggestion on Tuesday that L Brands separate its Victoria's Secret and Bath & Body Works brands, the retailer has issued a statement detailing its efforts to improve its performance.