Victoria's Secret taps Rihanna's lingerie company's CEO amid declining sales

Victoria’s Secret lured the CEO of Rihanna’s rival brand Savage X Fenty to jump-start the flailing lingerie maker, the company said Wednesday.

Once-mighty beauty company files for bankruptcy in face of 200 lawsuits linking its talc products to cancer “She understands vertically integrated retail brands and has an intuitive understanding of the consumer landscape, informed by customer insights which are critical for consistently delivering in this industry and its ever-accelerating fashion and economic cycles.”Victoria’s chief financial officer, Tim Johnson, will become the interim CEO until Super joins the company on Sept. 9.

Allegations of sexual misconduct against some of the company’s leaders along with consumers’ changing preferences and the company’s resistance to catering to a more diverse body type, including plus sizes, contributed to it falling out favor.Prior to Savage X Fenty, Super was global CEO of Anthropologie Group of Urban Outfitters Company.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stocks making the biggest moves midday: Brinker International, Victoria's Secret, Flutter Entertainment and moreThese are the stocks posting the largest moves in midday trading.
Fuente: CNBC - 🏆 12. / 72 Leer más »

EXCLUSIVE: Frankies Bikinis Opens First Permanent Store in Its Hometown, Boosted by Victoria’s Secret InvestmentFrankie's Bikinis opens first retail store in Malibu where founder Francesca Aiello grew up and pals Bella Hadid and Kylie Jenner helped popularize the brand.
Fuente: wwd - 🏆 24. / 68 Leer más »