Victoria's Secret announced on Tuesday revenues for the first quarter fell almost 5%, on the back of plummeting comparable sales, as earnings were slashed during the three-month period, coinciding with inflation costs.
More than a thousand sacked Thai garment workers who made bras at a factory supplying lingerie giant Victoria's Secret have received a landmark $8.3 million settlement, labour rights activists said Saturday.
High-end intimates specialist Wolford has postponed the release of its annual results for the second time in a month. It said it will release its audited annual financial statements for 2021 “no later than June 17”.
Switzerland's Calida Group, owner of French lingerie brand Aubade, has acquired family-owned lingerie company Cosabella for $80 million (€75.8 million), as it looks to gain a foothold in the United States.
Lingerie Specialist Bravissimo has filed accounts for the year ending October 2021 with it saying it was the second year in which it felt the impact of the pandemic. But it managed to increase revenue and profits.
Israel's Delta Galil announced on Monday revenues for the first quarter lifted 16%, another quarterly sales record for the company, which also posted a 26% uptick in net profits for the three months ending March 31.
Maternitywear specialist Bumpsuit has chalked up a couple of firsts, with its first exclusive retail shopping experience in Harrods as well as it being the first time Harrods has hosted a maternity brand on such a scale.