Tip News

December 16, 2018

Victoria's Secret CEO resigns amid flagging sales and model controversy

Victoria's Secret CEO resigns amid flagging sales and model controversy
'US model Taylor Hill walks the runway at the 2018 Victoria's Secret Fashion Show on November 8, 2018 at Pier 94 in New York City' - By: AFP/File TIMOTHY A. CLARY

The CEO of American clothing and lingerie brand Victoria's Secret has resigned amid flagging sales and controversy around a lack of diversity at the line's iconic annual fashion show, a source said Wednesday.

A source familiar with the matter said CEO Jan Singer, who had been in the position since September 2016, would leave the company, but did not specify when.

American media outlets had reported the move without specifying the reason, and Victoria's Secret parent company, L Brands, declined to comment.

The departure comes less than a week after the brand's marketing director Ed Razek garnered anger for saying in a Vogue interview that Victoria's Secret had thought about and decided against including transgender or plus-size models in their show, which this year was held in New York on November 8.

"We attempted to do a television special for plus-sizes (in 2000). No one had any interest in it, still don't," Razek told the magazine.

The director cited pop star Rihanna's Savage X Fenty line, which carries plus sizes, but said Victoria's Secret didn't want to include new models just to be "politically correct," and that they are a "specialty business" which doesn't market to everyone.

The comments sparked a surge of criticism on social media, to the point that Razek issued a public apology, saying that the brand wouldn't object to hiring a transgender model.

Outside of that controversy, Singer's departure as CEO comes at a difficult time for the lingerie company, which has suffered from a slow-down in recent years. Sales fell eight percent in 2017.

In the first half of 2018, L Brand, its parent company, was able to stabilize Victoria's Secret, particularly thanks to the opening of several stores in China and to the growth of online sales.

Critics say the its issues come because the brand and its models haven't been able to adapt to the market's new demands.

Short link: https://tipnews.com/u/NzI5Mzg=

See also:

Related articles

Latest Spider-Man spin-off scales box office heights

Latest Spider-Man spin-off scales box office heights

"Spider-Man: Into the Spider-Verse" snared North American viewers in its web this weekend, earning $35.4 million in ticket sales, industry tracker Exhibitor Relations estimated Sunday.Sony's action-packed animation sees Peter Parker make way for Miles Moral

Bethlehem church mosaics sparkle in time for Christmas

Bethlehem church mosaics sparkle in time for Christmas

Masked for centuries by the soot of candles and lately by scaffolding, the mosaics of Bethlehem's Church of the Nativity have been restored to their Crusader-era splendour in time for Christmas.Over the past 15 months, experts have cleaned and repaired surviv

Uganda's popstar MP 'hiding' from police after raid: lawyer

Uganda's popstar MP 'hiding' from police after raid: lawyer

Ugandan popstar turned opposition lawmaker Bobi Wine is in hiding after police raided a hotel he was staying in ahead of a concert, his lawyer said Sunday.Bobi Wine, whose real name is Robert Kyagulanyi, had been due to perform at a concert in Jinja, about 80

North Cyprus journalist takes on Turkey's mighty Erdogan

North Cyprus journalist takes on Turkey's mighty Erdogan

Jail time, angry mobs and assassination attempts -- editor Sener Levent has paid a price for challenging Turkey's President Recep Tayyip Erdogan and authorities in breakaway northern Cyprus through his tiny newspaper.Alongside the stacks of old papers on his

HELLO, PLEASE TAKE A MOMENT TO RATE THIS POST Victoria's Secret CEO resigns amid flagging sales and model controversy

Sending comment Close