Victoria’s Secret brand CEO Amy Hauk will resign after just eight months running the lingerie giant.
with an attempted rebranding that implemented "woke" policies like removing the iconic "Angels" models as well as the yearly fashion show.
In 2020, Victoria’s Secret announced that it would permanently close around 250 stores in the U.S. and CanadaOn Tuesday, shares fell sharping following the SEC filing revealing the departure of Hauk. Shares of the lingerie manufacturer fell 5.65%. MAERSK CEO: ‘DARK CLOUDS ON THE HORIZON’ AMID UKRAINE WAR, EUROPEAN ENERGY CRISIS, POTENTIAL RECESSIONHauk is scheduled to depart the company on March 31, the current CEO of Victoria's Secret & Co., Martin Waters, will add Hauk's responsibilities to his own, the statement added.
Models Adriana Lima and Candice Swanepoel walk the runway at the 2013 Victoria's Secret Fashion Show at Lexington Avenue Armory on November 13, 2013 in New York City. Victoria’s Secret has been slow to adapt to changing consumer tastes, including preference for"body-positive" products, critics charge.
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