The Victoria's Secret Secret Underwear will take on New York fashion store manager Tory Burch, with the hope of regaining it and ending with a debate about his vision for women, a subject of strong criticism.
John Mehas, current president of Tory Burch, will be in early 2019 at Jan Singer, whose resignation was announced last week, said L Brands, owner of Victoria's Secret, on Monday.
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"Our first priority is to improve Victoria's secret underwear" Leslie Wexner, Chief Executive Officer of L Brands said.
"Our young leaders are coming up with a new look and they will observe everything – marketing, brand position, talents, property portfolio and cost structure and most importantly (…) added.
This change of address coincides with the publication of inadequate results for the L Brands Group: the third quarter of 2018 showed a net loss of $ 42.8 million against a net profit of 86 million in the same period in 2017, while Victoria & apos; s Secret reported a 2% decrease in sales.
It is also presented at a time when the brand was shaken by a controversy over the selection of models for the flagship annual parade that was recently held in New York and will be released on 2 December all over the world.
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