The New York-based fashion retailer reported net income of $1.5 million in Q4 on Monday and announced that it has reached an agreement with its lenders to push back the deadline for the IPO of its Madewell brand.
As the Columbus, Ohio-based retailer prepares to sell a controlling stake in its Victoria’s Secret brand to Sycamore Partners, the company has reported a net loss of $192.3 million for the fourth quarter.
The American sportswear giant announced on Thursday that it is transitioning its Nike brand business in Argentina, Brazil, Chile and Uruguay to strategic distributor partnerships with local partners Grupo Axo and SBF.
The struggling fashion retailer announced on Tuesday that it has appointed Jan Singer as its new CEO. Having most recently led Victoria’s Secret, Singer brings over 25 years of experience to her new role.