The company's private equity vehicle struck its first deal, backing a company that manages brands including Juicy Couture, active-wear maker Spyder and leather-goods provider Frye Co.
In addition to announcing Denise Landman's retirement, the lingerie retailer also cut its profit forecast, prompting L Brands Inc to fall in late trading.
The 2000s brand known for its velour tracksuits plots a comeback.
This week, Condé Nast appoints Justine Bellavita to the newly created role of Vogue International editor-in-chief, while Avon CEO Sheri McCoy announces resignation following $46 million loss.
BoF examines the growing market for clothing that looks as good on Instagram as it feels on a long-haul flight.