Limited Brands Inc., the owner of the Victoria’s Secret lingerie chain, said it secured a $1.75 billion credit facility and agreed to pay a higher interest rate in exchange for relaxed terms on the debt.
Clarisse Kambire’s nightmare rarely changes. It’s daytime. In a field of cotton plants that burst with purple and white flowers, a man in rags towers over her, a stick raised above his head. Then a voice booms, jerking Clarisse from her slumber and making her heart leap. “Get up!”
Limited Brands Inc.’s Victoria’s Secret, the lingerie chain known for its supermodels called “Angels,” is planning its first stores in Hong Kong, where surging demand from shoppers has sent retail rents to a record.
When Kathleen Jordan stopped at a Victoria’s Secret a year ago to buy something for herself, the visit had an unintended consequence: her 13-year-old daughter got hooked on Pink, the lingerie brand’s young collegiate line.
U.S. investigators are conducting a preliminary inquiry into forced child labor used in an organic and fair-trade cotton program that supplies the American lingerie retailer Victoria’s Secret, a federal law enforcement official confirmed this week.