The retailer reported a 12.3 percent increase in sales during the five months to Jan. 1, despite losing 27 percent of its brick-and-mortar trading days due to Covid-related lockdowns in different parts of Australia.
The fast fashion company will be required to pay $4.2 million to the American Federal Trade Commission, resolving a complaint that the company was suppressing reviews that were less than five stars on its site.
Victoria’s Secret & Co said on Tuesday it will sell a 49 percent stake in its China business to Hong Kong-based lingerie maker Regina Miracle International Ltd for $45 million in cash, aiming to boost sales with the help of a local partner.
Greek makeup artist Gregoris Pyrpylis will lead the development of the French luxury house’s beauty division. He will report to Agnès de Villers, president of Parfum & Beauté under the supervision of Pierre-Alexis Dumas, artistic director of Hermès.