Uso de cookies Utilizamos cookies propias y de terceros para mejorar nuestros servicios y mostrarle publicidad relacionada con sus preferencias mediante el análisis de sus hábitos de navegación. Si continúa navegando, consideramos que acepta su uso. Puede obtener más información sobre nuestra: Política de cookies

The global fashion business journal

23 Sep 201904:43

Changes in Victoria’s Secret: chief executive officer resigns

Jan Singer will step down from the company after two difficult years in the lead, in which she has had to face an increase of competence and the first symptoms of weakness in one of the biggest groups of lingerie in the world.

15 Nov 2018 — 17:25

Changes in Victoria’s Secret: chief executive officer resigns



Victoria’s Secret loses its CEO. Jan Singer, who has been leading the brand for the last two years has resigned from the company, The Wall Street Journal says. The group, property of L Brands, has not yet named a substitute.


The executive joined the chain in 2016, after a bit more than a year as the head of Spanx. Previously, Singer was footwear and fashion’s global manager at Nike, where she worked for ten years.


Singer joined Victoria’s Secret during a complicated time for the brand, which ended 2017 with a sales drop of 8%. The company has undergone several strategic actions during that period, like for example the closure of its swimwear line or the restructuration of the trade network in the United States.


L Brand stagnated its revenue in 2017 with sales valued in 12.63 billion dollars (10.34 billion euros), a 0.4% more, and collapsed a 15% its net profit, reaching the figure of 983 million dollars (804.7 million euros). So far this year, the group’s shares have dropped a 38%.

Participation rules


Validation policy for comments: 

MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment