Victoria’s Secret bringing in Hillary Super from Savage X Fenty as its new CEO
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $205*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 14/08/2024 (787 days ago), so information in it may no longer be current.
Victoria’s Secret is making a change at the top, naming Hillary Super from Savage X Fenty as its new chief executive.
Super will take over for Martin Waters, effective Sept. 9. Waters became CEO of Victoria’s Secret in 2021. He will serve as an advisor through the end of the month to help with the transition process, while Chief Financial and Administrative Officer Timothy Johnson will serve as interim CEO.
Plans for a Victoria’s Secret spinoff from its parent company L Brands were announced in 2021 after a deal to sell the lingerie, sleepwear, beauty and clothing company to private equity firm Sycamore Partners fell through because of the coronavirus pandemic.
The chain has struggled with slowing sales and has worked on reinventing its fashions and redesigning stores. Super had served as the Savage X Fenty CEO since June 2023. The lingerie company, which was co-founded by megastar and business mogul Rihanna, appeals to younger consumers and Super’s expertise running the company could help Victoria’s Secret cater to that prized demographic better.
Shares jumped more than 14% before the market open.
Prior to working at Savage X Fenty, Super was the Global CEO of Anthropologie Group, an Urban Outfitters Company.
Victoria’s Secret Chair of the Board Donna James said in a statement on Wednesday that Super will be tasked with accelerating growth in the company’s core business in North America.
“She understands vertically integrated retail brands and has an intuitive understanding of the consumer landscape, informed by customer insights which are critical for consistently delivering in this industry and its ever-accelerating fashion and economic cycles,” James said.