Victoria's Secret Names Head of Beauty Amid Cosmetics Slowdown -- Market Talk

Dow Jones

04-09

1805 ET - Victoria's Secret appointment of a president for its beauty division comes at a critical time for the cosmetics industry, and shows the company isn't taking the success of the line for granted. While the lingerie retailer's CEO refers to the beauty line as the "powerhouse" business of the company, the sector is going through a significant slowdown that has hit hard mass beauty sales, Victoria's Secret market. Investors are taking the appointment well, with shares trading 1.1% higher at $16.99 after hours. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

April 08, 2025 18:05 ET (22:05 GMT)

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