Victoria’s Secret boss Jan Singer is reportedly stepping down in the wake of backlash at the brand.
The 54-year-old chief executive officer is departing after a two-year stint at the helm of the U.S. lingerie giant, which is owned by L Brands Inc., according to the Financial Times.
A representative for L Brands has declined to comment on the report, though an announcement is expected to be made on Monday (19Nov18) when company’s leaders release quarterly results.
Victoria’s Secret has been in the headlines in recent months, with the label criticized for failing to keep up with consumer desire for body positive underwear, rather than the super sexy items it has built a reputation for since opening in the late 1970s.
In addition, Ed Razek, chief marketing officer, came under fire days after the brand’s annual Victoria’s Secret Fashion Show on 8 November following comments he made in an interview with U.S. Vogue in which he insisted that he had considered casting transgender and plus-sized models in the latest spectacle but decided against doing so because the company “did not market to the whole world”.
He later apologized on social media for coming across as “insensitive”.
“My remark regarding the inclusion of transgender models in the Victoria’s Secret Fashion Show came across as insensitive. I apologize,” the 70-year-old said. “To be clear, we absolutely would cast a transgender model for the show. We’ve had transgender models come to casting… And like many others, they didn’t make it… But it was never about gender. I admire and respect their journey to embrace who they really are.”
According to Singer’s profile, she was responsible for the more than $4 billion lingerie business, including Victoria Sport. She had previously served as chief executive officer at underwear company Spanx, and also had senior roles at Nike.
– Cover Media0