Victoria's Secret takes to the field, the organization, and is close to shops

L Brands, the parent company of the lingerie brand Victoria's Secret, takes quite a bit of brush up by the organization in order to improve profitability. Victoria's Secret is a private company, and that includes in the lingerie, beauty and jongevrouwenmerk PINK. The company on Tuesday after trading hours in the U.S., will be announced.

if you are a Victoria's Secret needs to $ 400 million in cost savings, of which 175 million this year. This is achieved through cuts in staffing, which will be reduced by 15 per cent. This is equivalent to around 850 jobs, all of which are to be lost at the post office.

you may Also need to charge for the ones in the lingerie of Victoria's Secret is being sold down. Previously, it was announced that the 250 stores will close. The parent company says it is in discussions with the owners of the commercial premises to the business, which, however, remain open to structural huurverlagingen to you.

In the Uk, saw the business that the world has acquired in the fashion show with the Victoria's Secret Angels last month, has forced a kind of extension of payment requests. There will now be negotiations about a merger or joint venture with one of the other retailpartij.

In hong Kong, the flagship store is permanently closed, it is possible to be more stores in China, will be closed. According to CEO Andrew Meslow, most of the stores are in the US, both from Victoria's Secret as a subsidiary of Bath & Body Works is once again open, after slutiingen as a result of lockdowns.

However, the company expects a 20 percent revenue decline in the second quarter, as a result of the coronacrisis. The numbers will be on the 19th of August will be announced.