Victoria’s Secret

Knoxville, Tenn. — Stand Out For Good, Inc., parent company of popular women’s fashion brand Altar’d State, has launched a new activewear brand and welcomes Jonathan Mugler as its brand president. The company’s newest brand is devoted to women on the journey of physical, mental and spiritual growth. AS Revival is created for movement of all kinds like a walk on the beach, a trip to the local market, a morning yoga class or a casual day of running errands. AS Revival will soon open its first brick-and-mortar locations in Colorado, Tennessee, South …

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Fort Lauderdale, Fla. — IT’SUGAR, one of the largest specialty candy retailers in North America with 96 retail locations, has appointed Mike Koempel as chief operating officer. He brings to the company extensive experience in strategy, finance, operations, IT and merchandise planning and allocation. Most recently, Koempel spent over 3 years at multibillion-dollar retailer Victoria Secret Lingerie as executive vice president/chief operating officer from 2017 to 2020. Prior to Victoria Secret Lingerie, Koempel served as executive vice president/chief financial officer at L Brands’ Mast Global Division from 2007 to 2017. …

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Columbus, Ohio — The board of directors for L Brands Inc. has unanimously approved a plan to separate the company into two independent, public companies consisting of Bath & Body Works and Victoria’s Secret. L Brands expects to create these companies through a tax-free spinoff of Victoria’s Secret to the shareholders of L Brands. “The spinoff will enable each company to maximize management focus and financial flexibility to thrive in an evolving retail environment and deliver profitable growth,” L Brands stated in a news release. As separate businesses, each will …

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