Ahead of the lingerie brand’s spin-off as a separate business, L Brands held an investor day on Monday to outline plans for the future of Victoria’s Secret, including new store concepts and digital development.
The company revealed that its board has unanimously approved its planned spin-off of the Victoria’s Secret brand on Tuesday and provided further details about the transaction, as well as preliminary Q1 financial results.
Failed upscale menswear retailer Pink Shirtmaker is set to make a return. The LVMH-owned brand, which went on the block before Christmas, has been bought by Nick Preston, a former JD Sports Fashion trading director.
There was a notable French touch at London Fashion Week this weekend, with shows from Stephen Jones, Bianca Saunders, Bethany Williams, N Palmer, 16Arlington, Preen by Thornton Bregazzi, Art School and Jamie Wei Huang.