Victoria’s Secret's CEO Resigned, Just One Week After the Runway Show
One week after Victoria’s Secret taped its annual fashion show, the brand has more big news.
Fashionista reports that CEO Jan Singer has resigned after just two years with the lingerie brand. Singer came to the company from Spanx back in September 2016, replacing former CEO Sharen Jester Turney.
Last week, the brand became embroiled in controversy for comments made by Chief Marketing Officer Ed Razek during an interview with Vogue.
“Does the brand think about diversity? Yes.” he said. "Shouldn’t you have transsexuals in the show? No. No, I don’t think we should.” His reasoning behind his choice? "The show is a fantasy."
Razek’s comments were not well-received, especially by the LGBTQ community. But while this may just be the latest controversy for Victoria's Secret, it is important to note that during Singer’s time overseeing the company, it has undergone a massive period of struggles. Since cutting their swim category and catalog in early 2016, the label has been plagued with declining sales figures months after month that seem to show no signs of getting better.