Home Business NewsBusiness Victoria’s Secret CEO has resigned

Victoria’s Secret CEO has resigned

by Purvai Dua
15th Nov 18 10:13 am

The CEO of Victoria’s Secret ‘s lingerie division, Jan Singer, has resigned a little over two years after she took the job, the Wall Street Journal first reported citing people familiar with the matter.

Victoria’s Secret, the high-end lingerie brand of L Brands Inc, and its teen-focused PINK brand have been losing customers for years as more women shift to cheaper bralettes and sports bras.

In the last two years, quarterly same-store sales of Victoria’s Secret have risen only once.

L Brands CEO Leslie Wexner has been looking to shore up the company’s profits by closing its underperforming Henri Bendel business and reviewing options for its La Senza lingerie brand.

Denise Landman, CEO of PINK, is also leaving the company at the end of the year.

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