The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The lingerie retailer will debut its stock on the New York Stock Exchange on Tuesday under the ticker “VSCO.” Provisional trading of the stock began on Monday, where it opened at $45 a share and closed up two percent.
L Brands Inc. will become Bath & Body Works Inc. with the new ticker “BBWI.”Ahead of the spinoff, Victoria’s Secret began to rethink its image to fit a more inclusive and feminist vision of women. In May, analysts at JP Morgan and Citi valued the brand at $5 billion.
Learn more:
How L Brands Brought Victoria’s Secret Back From the Brink
After spending the last year boosting the lingerie retailer’s financial health, its owner is planning a spinoff.
The British musician will collaborate with the Swiss brand on a collection of training apparel, and will serve as the face of their first collection to be released in August.
Designer brands including Gucci and Anya Hindmarch have been left millions of pounds out of pocket and some customers will not get refunds after the online fashion site collapsed owing more than £210m last month.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.