Victoria’s Secret & Co. Announces Leadership Appointments
21 Junho 2023 - 7:45AM
Victoria’s Secret & Co. (“Victoria’s Secret” or the “Company”)
(NYSE: VSCO) announced key leadership appointments to further
advance its strategic pillars of strengthening the core, igniting
growth and transforming the foundation. Greg Unis will assume the
role of Brand President, Victoria’s Secret & PINK. Unis will
continue to report to Martin Waters, CEO of Victoria’s Secret &
Co., and lead the design, merchandising, creative, planning,
strategic patterning and business development functions.
“Greg has been with Victoria’s Secret since 2016
and I believe his merchant vision, proven record of growth and
results, and deep knowledge of our business make him the right
person to guide us to further success. In this role, Greg will also
partner closely with Chief Customer Officer Chris Rupp to continue
to evolve our brands, delight our customers, and grow our
business,” said Martin Waters, CEO of Victoria’s Secret &
Co.
Additionally, the company will welcome Anne
Stephenson as its new Chief Merchandising Officer, reporting to
Greg Unis. Stephenson joins the company after most recently serving
as the Chief Merchandising and Product Officer of Torrid and will
begin her role with Victoria’s Secret & Co. next month.
“We are thrilled to welcome Anne back to the
Victoria’s Secret & Co. family,” added Waters. “Anne is a
respected and strategic merchant with extensive leadership
experience growing top brands, including more than 15 years with
Victoria’s Secret.”
About Greg Unis:Greg Unis
joined the business in 2016 and formerly held the roles of CEO of
Victoria’s Secret Beauty and most recently as Chief Growth Officer
at Victoria’s Secret & Co. As Chief Growth Officer, he was
tasked with growing the business through new business development,
international expansion and mergers and acquisition opportunities.
Greg also led VS&Co’s real estate and store design and
construction teams focused on expanding the company’s store of the
future initiative.
In his role as CEO of Victoria’s Secret Beauty, he was
responsible for the nearly $1B Victoria’s Secret Beauty, Victoria’s
Secret Accessories, and PINK Beauty businesses, helping the brand
deliver record sales and extensive growth in all three categories.
Greg has a long-tenured career in retail where he was formerly
Executive Vice President and Global Head of Men’s and Licensing
Merchandising for Coach, and held senior positions at Brooks
Brothers and Gap Inc.
About Anne Stephenson:Anne is a
respected and strategic merchant with extensive leadership
experience growing top brands, including more than 15 years with
Victoria’s Secret. Most recently, Anne has served in chief merchant
roles at Full Beauty Brands and Torrid.
About Victoria’s Secret &
Co. Victoria’s Secret & Co. (NYSE: VSCO) is a
specialty retailer of modern, fashion-inspired collections
including signature bras, panties, lingerie, casual
sleepwear, athleisure and swim, as well as award-winning
prestige fragrances and body care. VS&Co is comprised of
market leading brands, Victoria’s Secret and Victoria’s Secret
PINK, that share a common purpose of inspiring and uplifting our
customers in every stage of their lives, and Adore Me, a
technology-led, digital-first innovative intimates brand serving
women of all sizes and budgets at all phases of life. We are
committed to empowering our more than 30,000 associates across a
global footprint of approximately 1,350 retail stores in
approximately 70 countries. We provide our customers with products
and experiences that make them feel good inside and out while
driving positive change through the power of our products, platform
and advocacy.
Safe Harbor Statement Under the Private
Securities Litigation Reform Act of 1995
We caution that any forward-looking statements
(as such term is defined in the U.S. Private Securities Litigation
Reform Act of 1995) contained in this press release or made by us,
our management, or our spokespeople involve risks and uncertainties
and are subject to change based on various factors, many of which
are beyond our control. Accordingly, our future performance and
financial results may differ materially from those expressed or
implied in any such forward-looking statements. Forward-looking
statements include, without limitation, statements regarding our
future operating results, the implementation and impact of our
strategic plans, and our ability to meet environmental, social, and
governance goals. Words such as “estimate,” “commit,” “target,”
“goal,” “project,” “plan,” “believe,” “seek,” “strive,” “expect,”
“anticipate,” “intend,” “potential” and any similar expressions may
identify forward-looking statements. Risks associated with the
following factors, among others, could affect our financial
performance and cause actual results to differ materially from
those expressed or implied in any forward-looking statements:
- the spin-off from Bath & Body
Works, Inc. (f/k/a L Brands, Inc.) may not be tax-free for U.S.
federal income tax purposes;
- we may not realize all of the
expected benefits of the spin-off;
- general economic conditions,
inflation, consumer confidence, consumer spending patterns and
market disruptions including pandemics or significant health
hazards, severe weather conditions, natural disasters, terrorist
activities, financial crises, political crises or other major
events, or the prospect of these events;
- the novel coronavirus (COVID-19)
global pandemic has had and may continue to have an adverse effect
on our business and results of operations;
- difficulties arising from turnover
in company leadership or other key positions;
- our ability to attract, develop and
retain qualified associates and manage labor-related costs;
- our dependence on mall traffic and
the availability of suitable store locations on appropriate
terms;
- our ability to successfully operate
and expand internationally and related risks;
- our independent franchise, license,
wholesale and joint venture partners;
- our direct channel business;
- our ability to protect our
reputation and the image of our brands;
- our ability to attract customers
with marketing, advertising and promotional programs;
- the highly competitive nature of
the retail industry and the segments in which we operate;
- consumer acceptance of our products
and our ability to manage the life cycle of our brands, keep up
with fashion trends, develop new merchandise and launch new product
lines successfully;
- our ability to realize the
potential benefits and synergies sought with the acquisition of
AdoreMe, Inc.;
- our ability to source, distribute
and sell goods and materials on a global basis, including risks
related to:
- political instability,
environmental hazards or natural disasters;
- significant health hazards or
pandemics;
- legal and regulatory matters;
- delays or disruptions in shipping
and transportation and related pricing impacts; and
- disruption due to labor
disputes;
- our geographic concentration of
vendor and distribution facilities in central Ohio and Southeast
Asia;
- the ability of our vendors to
deliver products in a timely manner, meet quality standards and
comply with applicable laws and regulations;
- fluctuations in freight, product
input and energy costs, including those caused by inflation;
- our and our third-party service
providers’ ability to implement and maintain information technology
systems and to protect associated data and system
availability;
- our ability to maintain the
security of customer, associate, third-party and company
information;
- stock price volatility;
- shareholder activism matters;
- our ability to maintain our credit
rating;
- our ability to comply with
regulatory requirements; and
- legal, tax, trade and other
regulatory matters.
Except as may be required by law, we assume no
obligation and do not intend to make publicly available any update
or other revisions to any of the forward-looking statements
contained in this press release to reflect circumstances existing
after the date of this press release or to reflect the occurrence
of future events, even if experience or future events make it clear
that any expected results expressed or implied by those
forward-looking statements will not be realized. Additional
information regarding these and other factors can be found in “Item
1A. Risk Factors” in our Annual Report on Form 10-K filed with the
Securities and Exchange Commission on March 17, 2023.
For further information, please contact:
Victoria’s Secret & Co.: |
Media
Relations: |
Investor Relations: |
Brooke Wilson |
Kevin Wynk |
communications@victoria.com |
investorrelations@victoria.com |
|
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