UH OH! Victoria Secret is being SOLD! Victoria Secret has had declining sales for the last few years as competitors and peoples tastes are changing. The CEO Les Wexner will also step down after the transaction is complete.
Victoria Secret saw a 12% drop in stores during this past Holiday Season and a 10% drop in sales during Quarter 4. A Private Firm called Sycamore Brands will be buying Victoria Secret for $525 Million. Sycamore Brands owns Belks, Hot Topic, Staples and more. Will this be an end to the Victoria Secret as we know it? What are your thoughts?
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