Victoria’s Secret CEO Jan Singer has quit after two years in the role. Upon her appointment in 2017, Singer – formerly of Spanx – said she wanted to introduce “choices of sexy” to the brand.
The Business of Fashion reported that a source close to the situation said that the Singer has left the lingerie label. Victoria’s Secret shares consequently dropped and stock price is down by 39 per cent year on year. A spokesperson for the business said, “Any commentary made by the company will be done in conjunction with third quarter earnings on Monday.”
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The underwear brand has become the target for widespread criticism for its limited, outdated view of beauty and femininity most pervasive in its annual catwalk show. Sales have fallen as consumer tastes move away from the sparkly babydolls and pink robes to more “body positive” items.
Earlier this week, VS boss Ed Razek apologised for his controversial comments on transgender and plus-size women. In an interview with Vogue, he said the company’s catwalk shows are “fantasy” and therefore should not include trans or plus-size women.
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“My remark regarding the inclusion of transgender models in the Victoria’s Secret Show came across as insensitive,” Razek wrote.
“I apologise. To be clear, we absolutely would cast a transgender model for the show. We’ve had transgender models come to castings… And like many others they didn’t make it.”
This article originally appeared on Harper’s Bazaar UK.
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