Plus, Burberry sees a steep decline in profits.

His plans to step down from the lingerie brand were first announced in February.

Sycamore Partners and L Brands reached an agreement on Monday.

Plus, how the direct-to-consumer model will impact fashion for years

Uh, no duh. Plus, L Brands Chief Executive Les Wexner addresses his Jeffrey Epstein problem during the company's investor meeting.

Plus, BlackRock makes investment in Authentic Brands Group.

There's a "fallen Angels" quip to be made here somewhere.

Plus, how to build a wellness empire.

People within the fashion industry have begun speaking out against the chief marketing officer.

The lingerie retailer has yet to bounce back from its 2016 decision to stop selling swimwear and apparel.

Interestingly, the company chalked up the sales dip to the elimination of the retailer's swimwear and apparel categories.

The lingerie brand's parent company brought in $2.2 billion in December.