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Victoria's Secret has a new CEO for its lingerie business (LB)

The new CEO of Victoria's Secret's lingerie business is John Mehas, currently president of the Tory Burch brand.

  • Victoria's Secret
  • was at the company
  • The brand has struggled in recent years and did not show signs of a comeback during its most recent quarterly earnings, reported on Monday. Same-store sales numbers were down 6% at Victoria's Secret stores during the quarter. They were down 2% including the brand's online channels.

Victoria's Secret has a new CEO to run its lingerie business.

On Monday, parent company L Brands announced that John Mehas, who is currently president of Tory Burch, will be taking up the position and replacing former CEO

Mehas also has experience at Club Monaco, Gap, and Bloomingdales.

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