L Brands Names John Mehas as CEO of Victoria's Secret Lingerie
November 19 2018 - 5:16PM
Dow Jones News
By Khadeeja Safdar and Maria Armental
L Brands Inc. said Monday it had hired a Tory Burch executive to
take over its flagship Victoria's Secret lingerie business after
the chain posted another quarter of declining same-store sales.
The company said John Mehas will be joining Victoria's Secret
early next year to replace Jan Singer, who resigned last week. Mr.
Mehas currently serves as president of Tory Burch and previously
led Club Monaco.
In an earnings commentary, the company attributed the weak
performance at Victoria's Secret to a "poor assortment" and at its
PINK brand to "fashion errors in loungewear." Customers are
responding better to new bras and sleepwear at Victoria's Secret,
the company said.
Write to Khadeeja Safdar at khadeeja.safdar@wsj.com and Maria
Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
November 19, 2018 17:01 ET (22:01 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
L Brands (NYSE:LB)
Historical Stock Chart
From Mar 2024 to Apr 2024
L Brands (NYSE:LB)
Historical Stock Chart
From Apr 2023 to Apr 2024
