La Senza: On the Chopping Block at L Brands
2 monthes ago - By WWD
Leslie Wexner isn't done with fashion Darwinism just yet.
And Wall Street is applauding the L Brands Inc. chief executive officer's willingness to keep cutting.
The company said it was “pursuing all alternatives” for La Senza, which it estimates is on track for operating losses of $40 million this year on sales of $250 million.
That effectively puts the lingerie brand on the block just as the firm's much larger Victoria's Secret business struggles to find its footing. L Brands spent $600 million to buy La Senza in 2007.
Together with last month's decision to shutter Henri Bendel, the...
Read more ...
The headlines of GlamTouch
Will 2019 be the Year Fashion Finally Cleans up Its Act?
(Photos: iStock, Photo illustration: Joel Louzado) Toronto twins Lindsay and Alexandra Lorusso grew up in a home obsessed with trash. The fashion-forward siblings' dad is Carl...
Marie Claire China
Makeup Your Soul
Mirror Mirror Magazine
Kim Kardashian West
Piazza Sempione Pre-Fall 2019