New allegations of sexual misconduct have surfaced at Victoria’s Secret as the brand tries to remake its image after years of scandal and slumping sales.
Female models and executives were bullied and harassed for decades at the lingerie chain, evidence of an “entrenched culture of misogyny,” according to a New York Times investigation published this weekend., owner of the troubled retailer as well as Bath & Body Works, was in talks to break up the company and that longtime Chief Executive Officer Les Wexner could step down.
“We regret any instance where we did not achieve this objective and are fully committed to continuous improvement and complete accountability,” the directors said.Victoria’s Secret has for years been criticized for promoting models of a certain body type, while consumers have demandedWexner has since expressed regret over his association with Epstein, who in years past had served as his money manager.
L Brands shares fell as much as 3.2% on Monday in New York. They have declined in each of the past four years.
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