Shares of L Brands Inc tumbled to a 3-year low on Thursday, a day after the retailer said it expected sluggish demand for Victoria's Secret to force its biggest brand's steepest ever monthly decline in comparable sales.
Buyout firm Sycamore Partners has won the auction for the e-commerce business and intellectual property of bankrupt US apparel retailer The Limited with a bid of $26.8M, people familiar with the matter said on Tuesday.
Levi’s has been ranked as the most intimate brand in the apparel industry in a recent report. Brand intimacy is a new paradigm that leverages and strengthens emotional bonds between a person and a brand.
Victoria’s Secret is adding a new store to its portfolio in Spain. Shortly after launching its first store in Canarias, the US lingerie brand has unveiled a new store at La Maquinista shopping mall in Barcelona.