Page 8 - Roxanne Meyer News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Dive Brief: L Brands on Tuesday said that, after entertaining interest from several potential buyers, its board instead unanimously approved a tax-free spinoff of its Victoria's Secret business into a public company apart from its Bath & Body Works banner. The separation is expected to be completed in August, according to a company press release. L Brands CEO Andrew Meslow will retain that position and lead Bath & Body Works following the spinoff. Victoria's Secret CEO Martin Waters will continue to lead the stand-alone Victoria's Secret business, which includes the namesake brand and Pink. T...

Operator Good morning, and my name is Maria, and I'll be your conference operator for today. At this time, I would like to welcome everyone to Revolve's First Quarter 2021 Earnings Call. [Operator Instructions] At this time, I would like to turn the conference over to Mr. Erik Randerson, Vice President of Investor Relations at Revolve. Thank you. You may begin your conference. Erik Randerson -- Investor Relations Contact Good afternoon, everyone, and thanks for joining us to discuss Revolve's first quarter results. Before we begin, I'd like to mention that we have posted a presentation conta...

Dive Brief: Further trimming its portfolio not long after selling off its newly acquired Janie and Jack children's label, Gap Inc. on Tuesday said it has a deal to sell its Intermix retailer to private equity firm Altamont Capital Partners. Altamont will "acquire the entire Intermix business, including all store leases, e-commerce and assets," according to a company press release. Terms of the deal, including purchase price, were not disclosed. Intermix first opened as a boutique in New York City in 1993, according to Gap's website. Gap Inc. acquired it in 2012 and now runs 31 locations and...

Dive Brief: Moving squarely into rival Lululemon's home turf, Gap Inc. on Tuesday said it will bring Athleta to Canada this year, the activewear brand's "first company-owned expansion outside the United States." Athleta will debut in the country online this summer, then open retail stores at Yorkdale Shopping Center in North York, Ontario, and Park Royal Shopping Centre in West Vancouver, British Columbia, in the fall, according to a company press release. The effort is part of its plans "to open between 20 and 30 stores a year across North America," the company said. Athleta now runs more th...

Dive Brief: Urban Outfitters on Monday said that former Nordstrom women's apparel merchant Tricia Smith has been hired as global chief executive officer of its Anthropologie brand. She replaces Hillary Super, who had led the brand for three years and left Friday. Smith spent 26 years at Nordstrom, most recently as general merchandise manager of women's, young contemporary, designer and specialized apparel, according to a company press release. In 2019, she left to become chief merchant at Tilly's. The conglomerate also released preliminary first quarter results, reporting year-over-year high ...