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.
Victoria’s Secret has named Amy Hauk chief executive of both the Victoria’s Secret and Pink brands. Since 2018, Hauk served as the chief executive of Pink, and prior to that, spent a decade in merchandising at Bath and Body Works — which, along with Victoria’s Secret, was under the umbrella of retail conglomerate L Brands until August of last year.
Along with Hauk’s appointment, Victoria’s Secret also announced the appointment of Christine (Chris) Rupp as chief customer officer and Greg Unis chief growth officer. Rupp joins Victoria’s Secret from grocer Albertsons, where she was chief customer and digital officer, while Unis previously led Victoria’s Secret Beauty.
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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.
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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.
The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.