L Brands, owner of Victoria's Secret, has announced that it will sell a 100% stake in lingerie brand La Senza to an affiliate of private equity firm Regent LP. The transaction is expected to be completed in January.
Whilst a plan to close 100 of its stores by 2022 is underway in the UK, the retailer has agreed terms to open its first high street store in Spain in a move that represents a change of strategy for the company.
The Victoria's Secret Fashion Show has hit a record low in TV ratings, with this year's show garnering an audience of 3.27 million, compared to last year's total of 5.37 million; the spectacle's then-rock bottom.
DBG is conducting its first ever round of international crowdfunding via the U.K.-based platform Crowdcube, with a current total of over £1.3 million raised. The campaign will continue to run for the next 26 days.