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Victoria's Secret Chief Executive Resigns

Jan Singer is set to depart the troubled lingerie brand amidst falling sales and recent controversy stirred up by Chief Marketing Officer Ed Razek.
The 2018 Victoria's Secret Fashion Show. Photo: Noam Galai/Getty Images

The 2018 Victoria's Secret Fashion Show. Photo: Noam Galai/Getty Images

The Victoria's Secret Fashion Show taped just under a week ago, but to those within the company, that time period has likely felt much longer. The dust from the fallout surrounding Chief Marketing Officer Ed Razek's controversial interview with hasn't even settled, but Wednesday brought the news that the brand's Chief Executive Jan Singer will resign, a spokesperson for Victoria's Secret has confirmed to Fashionista.

Singer has only been in the role for two years, leaving Spanx to replace former CEO Sharen Jester Turney in September 2016, overseeing a period of struggles for Victoria's Secret, including months of tumbling sales figures. Since early 2016, the brand has cut its popular swim category and eliminated its catalog, paid a $12 million settlement to workers over on-call shifts and staged its 2017 fashion show in Shanghai, reportedly leading to troubles with visas and clashes with the government.

Razek's comments are just the latest problem to plague the lingerie giant, with many calling for his own resignation. The official announcement of Singer's departure is expected to accompany parent company L Brands's quarterly earnings report on Monday; per Financial Times, shares are down 61 percent since the beginning of 2016.

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