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  • Victoria’s Secret launches a World Tour – its new ‘catwalk show’

    Victoria’s Secret launches a World Tour – its new ‘catwalk show’

    It was December 2018 when the last Victoria’s Secret Fashion Show aired on CBS. A year earlier, the show garnered a billion viewers worldwide, but its size and success had blinkered the company to both the cultural shifts being brought about by a born-online generation that demanded to see itself reflected in advertising and the upstart competitors who were building inclusion into their business plans. Rihanna’s debut Savage Fenty show in the fall of 2018 made Victoria’s Secret’s reliance on an impossibly narrow conception of beauty—all razzle-dazzle push-up bras, highly exercised abs, and angel wings, along with the occasional culturally appropriative headpiece or another accessory—seem out of touch. Then there was its owner’s entanglements with alleged sex offender Jeffrey Epstein. On an earnings call in November 2019, it was official: The Fashion Show was canceled.

    In the years since, the company has undertaken a sweeping, ambitious rebrand, removing the architects of the original Fashion Show; swapping the Angels for a VS Collective that includes Megan Rapinoe, Priyanka Chopra Jonas, and Paloma Elsesser; and expanding its size range and developing the kind of products it had long neglected to make—nursing bras and mastectomy bras, for instance—because they didn’t fit its male-driven definition of “sexy.” Leslie H. Wexner, the founder of Victoria’s Secret parent company L Brands, also stepped down as Chairman and CEO, and sold his majority stake. Today, Victoria’s Secret remains the leader in the U.S. for the intimates category and on a rolling 12 month basis the brand experienced slight growth in 2022 compared to 2021.

    Now, in its biggest and most visible move yet, the brand is reinventing its annual show, producing a feature-length documentary film set to premiere in September. Though it’s a fairly radical rethink, the company is billing it as every bit as spectacular as the Victoria’s Secret Fashion Shows of old—there might even be wings.

    “There’s no need to explain ourselves anymore,” said Raul Martinez, EVP, head creative director of Victoria’s Secret, who is spearheading the project. “We’ve evolved and we’ve moved on, but it’s not that we’re leaving anything behind. We’re touching both the storytelling, which is about our advocacy and celebrating female voices, but also that full-on, fashion entertainment experience, because that was quite iconic.”

    Dubbed “Victoria’s Secret World Tour,” the new show will bring together a cast of international women creators from four cities across the globe. The “VS 20” includes filmmakers, musicians, artists, and other creatives, with a quartet of fashion designers at its center. Using Victoria’s Secret resources, London’s Supriya Lele, Lagos’s Bubu Ogisi, Tokyo’s Jenny Fax, and Bogota’s Melissa Valdes will each produce collections, the behind-the-scenes makings of which will be captured in the doc. All four narratives will come together with a filmed fashion show featuring a fifth segment of Victoria’s Secret-designed pieces.

    Margot Bowman, the London-based director that’s been trailing Supriya Lele and her team, avoided the Victoria’s Secret Runway Show in her youth. “I didn’t aspire to that experience because I knew I was excluded from it,” she said. “I was an overweight kid. But I still remember the images; for better or worse they were iconic images, powerful images. And for me, I see this as an opportunity to create a new set of images that more people can find themselves in.”

    The company was the subject of a Matt Tyrnauer documentary Angels and Demons last year that investigated its former owner’s ties to Jeffrey Epstein. And a book penned by former Business of Fashion journalists, Selling Sexy: Victoria’s Secret and the Unravelling of an American Retail Icon that is scheduled for an early 2024 release, seems poised to keep the brand’s problematic history in the news cycle. Then there’s the fact that new rivals have emerged as the company has been reimagining itself. Kim Kardashian launched Skims in 2019. It’s now valued at over $3 billion, and thanks to her influence it’s sparked a shapewear craze on the runways. Lizzo launched the rival brand Yitty last year with a tagline about “self-love and radical inner-confidence” that exemplifies how the lingerie industry is changing.

    When Victoria’s Secret announced on an earnings in March that it would be investing in a new version of its Fashion Show, the pop star took to Twitter: “This is a win for inclusivity for inclusivity’s sake,” she wrote. “But if brands start doing this only because they’ve received backlash, what happens when the ‘trends’ change again? Do the CEOs of these companies value true inclusivity? Or do they just value money?”

    Convincing people of Victoria’s Secret’s new agenda of female empowerment is where the VS20 comes in. Supriya Lele, who brings her Indian heritage to bear on her draped designs, sees synergies between her own brand and Victoria’s Secret. The VS Collective member Paloma Elsesser, whose voice can be heard in the teaser video released today, has walked Lele’s London runway. “That was one of the reasons why I felt that I can identify with some aspects of this now—previously maybe less so—but now I feel their language is becoming more and more modern,” she said. “And after meeting with the team, I understood that this was a big decision to really push this female-centered point of view forward and I felt that was a really great opportunity.” (The company won’t be commercializing Lele or the other designers’ collections, rather the World Tour is a showcase of their talents.)

    The Victoria’s Secret call took Lagos’s Bubu Ogisi by complete surprise. “To be honest, I kind of ignored it,” said the designer with a laugh. “My pieces are not really that fixated on lingerie, so I was a bit confused. But for this World Tour they’re experimenting, and the core element in my work is experimentation. So I thought, okay, it would be an amazing idea to confront how they normally create and how we can edit, modify, or change that structure.” Ogisi’s work showcases artisanal crafts from across Africa. “With this collection,” she explained, “everything is fixated on the idea of Yoruba and Edo mythology. Each person is going to be a divine being, a supreme higher entity, a quote/unquote goddess.”

    Note that Ogisi said goddess, not “sex goddess.” So, will the Victoria’s Secret World Tour be sexy? “Yes, absolutely,” said Martinez, but with a caveat. “We are looking at it through a female lens.”

    The main difference between the Victoria’s Secret Fashion Shows of old and the World Tour of 2023 would seem to be that women won’t just be objects for the delectation of viewers, they’ll be subjects too—the makers, each one with a different point of view about what’s sexy. “Obviously, there’s been a huge shift in representation, but I still think it’s rare to see women on screen presented in a recognizable way, especially in the framework of fashion,” observed Bowman, the director of the London portion of the documentary. “I just want people to watch it and be like, wow, there’s so many different ways that you can be a woman.”

  • Private equity tipped to privatise Victoria’s Secret

    Private equity tipped to privatise Victoria’s Secret

    L Brands is reportedly about to announce the sale of its troubled Victoria’s Secret lingerie business to private-equity company Sycamore Partners.

    The move would leave L Brands with just one retail business – the fast-growing Bath & Body Works, which in some US malls is reporting sales growth at 1000 basis points ahead of the shopping centers they are located in.

    Victoria’s Secret sales are down 8 percent year on year in the current fiscal year, while Bath & Body Works sales were up 9 percent in November and December.

    Whispers of a potential sale emerged in early January when it was widely reported that founder Les Wexner was planning to step down and cash up. Now, CNBC has reported that Sycamore Partners is the likely bidder with a deal to be announced as early as this week.

    The lingerie chain is losing market share to American Eagle Outfitters’ Aerie brand, along with Direct-to-consumer brands and one analyst, the Motley Fool described it as “losing relevance”. Last year the company discontinued its high-profile televised fashion show and the company is believed to be reviewing the future of its giant flagships as sales soften. The company’s heavy reliance on promoting sexy attire is missing its mark in a market where consumers are expecting more inclusive and diverse underwear styles.

    The future of L Brands is less certain, despite the success of Bath & Body Works, given that the Victoria’s Secret business currently accounts for the vast majority of its US$13 billion annual turnovers. Bath & Body Works may be sold to a different buyer or remain a standalone business under L Brands.

    In January last year, L Brands sold the La Senza lingerie chain to Californian private-equity company Regent.

  • 6ixty8ight joins Shopee and SSG platforms

    6ixty8ight joins Shopee and SSG platforms

    International fashion lingerie and apparel label 6ixty8ight has made its debut on Shopee and SGG.com.

    The move follows the brand’s expansion into e-commerce following the launch of its own online sales platform in November last year and the establishment of a flagship on Lazada last month. 6ixty8ight’s online outreach now serves regional buyers from Singapore, Malaysia, Indonesia and South Korea.

    The firm operates more than 200 physical outlets across the region, located in Greater China, South Korea, Singapore and Malaysia.

    Meanwhile, 6ixty8ight launched its first outlet in Mongolia last month, located in Hohhot.

    6ixty8ight was founded in 2002 by Erik Ryd, a Swedish entrepreneur with an established lingerie-manufacturing business in Asia, who saw a gap in the market for a “youthful and energetic lingerie brand”.

  • 6ixty8ight in Hong Kong opens new store at East Point City

    6ixty8ight in Hong Kong opens new store at East Point City

    6ixty8ight in Hong Kong has opened its 28th store, at East Point City.

    With its home base in Hong Kong, the now-international lingerie and casualwear label is continuing to expand its brick-and-mortar network.

    Having become one of the fastest-growing fashion brands in Asia since its launch in 2002, 6ixty8ight’s offering covers recent trends in lingerie, homeware, loungewear, casual wear and accessories.

    6ixty8ight now has more than 200 stores across Greater China, South Korea, Singapore and Malaysia.

    The company says it aims to create a seamless retail experience on its online platform and through its brick-and-mortar network.

  • Victoria’s Secret controversial marketing chief stops

    Victoria’s Secret controversial marketing chief stops

    Longtime Victoria’s Secret chief marketing officer Edward Razek will resign following months of negative PR centered on his comments about plus-size and transgender models in a Vogue interview.

    Edward Razek, who has personally selected the lingerie brand’s models for more than 15 years, said in the interview that such models had no place at Victoria’s Secret’s fashion shows, a remark well out of step with contemporary attitudes in the industry and among the general public.

    His departure came within days of Victoria’s Secret announcing its first steps toward inclusivity with the appointment of Brazilian transgender model Valentina Sampaio, (pictured above).

    “A few weeks ago, I shared with Les [Wexner, Victoria’s Secret owner L Brands’ CEO] my desire to retire sometime around mid-August,” said Edward Razek. “It was a tough conversation to have because, as some of you must know, we have shared so much together for so many years.”

    The departure comes at a point when more than 100 models have signed an open letter to Victoria’s Secret out of concern for the safety of women aspiring to model for the lingerie brand, following allegations of sexual misconduct directed at photographers who worked with the brand. The company has also been tainted by widespread media coverage of links between Wexner and disgraced sex offender Jeffrey Epstein, now in jail on charges relating to procuring sex with minors.

    “Corporations tend to treat the discovery of abuses as public-relations crises to be managed rather than human-rights violations to be remedied,” said founder and executive director of The Model Alliance Sara Ziff. “The Respect Program provides Victoria’s Secret an opportunity not only to right the wrongs of the past but also to work towards prevention.”

    Ed Wolf, L Brands’ senior VP of brand and creative, and Bob Campbell, VP of creative for Victoria’s Secret, will take over from Edward Razek until a permanent replacement is found.

  • Oysho Singapore opens first store in Singapore

    Oysho Singapore opens first store in Singapore

    Oysho Singapore is opening its first store this week, at Jewel Changi.

    The Spanish fashion label’s debut Singapore store spans 220sqm, and features a warm atmosphere, fitted out with materials such as wood and metal, combined with new furnishings.

    The store stocks products from all the brand’s categories, including sleepwear, lingerie, gym wear, beachwear, footwear, sportswear and accessories. Prices range from $7.90 to $299.

    The Oysho Sport range features garments suited to boxing, surfing, skiing and trekking. With a commitment to technical innovation, the brand’s garments include lines featuring aloe vera microcapsules, compression fabrics for muscle recovery, and Sensil Innergy Nylon 6.6 fabric which Oysho says enhances physical performance.

  • Victoria’s Secret opens first flagship store in China

    Victoria’s Secret opens first flagship store in China

    US brand Victoria’s Secret has opened its first flagship store in China as it taps into the growing appetites of mainland women for high-end lingerie.

    Fronted by an iconic pink glass facade, the four-storey, 2,500 square meter Victoria’s Secret store opened its doors on Thursday in Huaihai Road, one of Shanghai’s most upscale shopping streets.

    The new shop, which is the first to sell the brand’s full range of products attracted thousands of visitors on the opening day. Previously, Victoria’s Secret had only operated concept stores in China, selling accessories.

    “Chinese women are now ready for more sophisticated bras,” said Pascal Martin, a partner with OC&C Strategy Consultants.

    As Chinese women have increasingly adopted western fashion trends and brands, many locally-owned bra offerings at the cheaper end of the spectrum and paying little heed to design and brand appeal have popped up.

    The US lingerie giant, which entered China in 2015, has unveiled an aggressive expansion plan in the fast-growing Chinese market.

    Besides launching another flagship store in Chengdu in southwest Sichuan Province soon, Victoria’s Secret will move its high-profile annual fashion show to Shanghai at the end of this year.

    The retailer will charge mainland customers between 300 and 600 yuan (US$44 -87) for a bra, a little higher than in the US.

    Joey Chio, senior associate director of Savills Shanghai Retail, which helped Victoria’s Secret select the location for its new store, said the opening of the flagship shop would satisfy Chinese women’s “desire to keep up with the forefront of international fashion”.

    Luxury lingerie and high quality functional products are becoming increasingly popular among Chinese women, and a more frequent topic of discussion on social media.

    The female underwear market in China is expected to have a retail value of US$25 billion by 2017 – double that of the United States – and will grow to US$33 billion by 2020, according to Euromonitor.

    Top Italian luxury lingerie maker La Perla, which has eight stores in China, said it planned additional outlets in Chengdu and Chongqing and aims to open a men’s store in Beijing.

    Canadian yoga brand Lululemon entered the Chinese market by opening its first shop in Shanghai last December.

    The penetration rate of the bra sector in China is still under 10 per cent, compared with around 40 per cent in the US and 20 per cent in Japan, Martin said. Most of the bra brands currently in China are still focusing on the traditional department store channel rather than malls, indicating opportunities for brands like Victoria’s Secret, he added.

  • Lingerie Maker Victoria’s Secret Looks to Uncover Supply Chain Issues in Indonesia

    Lingerie Maker Victoria’s Secret Looks to Uncover Supply Chain Issues in Indonesia

    Lingerie giant Victoria’s Secret, famed for its racy bras and thongs, has pledged to trace the sources of its wood-based fabrics, joining the ranks of fashion companies addressing human rights and deforestation, its parent company said. In a new policy statement, parent company L Brands said it aimed to eliminate sources of wood pulp, used to make rayon, viscose and modal, that contribute to rainforest destruction or violate the rights of local people.
    L Brands is the latest in a growing number of US fashion companies to commit to investigate its supply chain for products from destructive regions and stop using those sources by the end of 2017, according to Rainforest Action Network (RAN). Ralph Lauren, whose designs are popular on Hollywood’s red carpets, adopted a similar policy earlier this month. “Our Forest Products Procurement Policy is written to reduce threats to ancient and endangered forests and to avoid products that contribute to deforestation or human rights abuses,” said L Brands’ policy statement published on its website.
    “We will report on our progress publicly.” Production of wood pulp can involve clearing forests to build eucalyptus plantations and taking land traditionally used by indigenous communities, campaigners say. The issue is particularly acute in Indonesia, a major producer of wood pulp. The Victoria’s Secret catalog features voluptuous models clad in tiny thongs, push-up bras and “cheekini” panties, and its top models who appear in its popular fashion shows are known as its Angels. It is one of several companies owned by L Brands. Its other well-known brands include Henri Bendel, Pink and Bath & Body Works. L Brands did not respond to a request for comment.
    RAN said the new policy was posted on the company website late on Wednesday. RAN, which helped develop the sourcing policies for L Brands and Ralph Lauren, has been waging an “Out of Fashion” campaign to publicize the impact of forest-based fabrics and call on major US brands to adopt stringent sourcing systems. “It’s encouraging to see brands beginning to take responsibility for their supply chains,” said Brihannala Morgan, senior forest campaigner with RAN. “
    L Brands’ commitments and actions, following right behind Ralph Lauren and among more than 60 other brands who have developed policies, can have a real positive impact for forests and the people that depend on them.” H&M, Zara, Levi Strauss & Co and British fashion designer Stella McCartney have adopted similar policies, RAN said. Last year Stella McCartney partnered with environmental non-profit Canopy to encourage clothing companies to stop sourcing fabric from ancient and endangered forests.