Advantage through focus, success through partnership Providence is a premier global private equity and credit investment firm with more than $50 billion in capital under management.AutoTrader Group Leading online automotive marketplace HSE24 Leading home shopping network in Europe PADI World’s leading scuba diver training organization IRONMAN Leading participation-based sports brand Study Group Global education provider Sector-specialized investors Providence pioneered a sector-focused approach to investing with over two decades of experience in the media, communications, education and information industries.Learn More Slide Down Benefit Street Partners (BSP) is the credit investment arm of Providence.Learn More Slide Down Media Providence Sells Stake in Soccer United Marketing (MLS Media) Providence Agrees to Acquire MTG Baltics Providence Invests in NACE Schools Read All Offices Providence Providence Providence Equity Partners L.L.C 50 Kennedy Plaza, 18th Floor Providence, RI 02903 Tel +1 401 751 1700 Fax +1 401 751 1790 New York New York Providence Equity L.L.C 9 West 57th Street, Suite 4700 New York, NY 10019 Benefit Street Partners L.L.C 9 West 57th Street, Suite 4920 New York, NY 10019 London London Providence Equity LLP 28 St. George Street London, W1S 2FA GB Tel +44 20 7514 8800 Fax +44 20 7629 2778 Hong Kong Hong Kong Providence Equity Asia Limited Level 8 Two Exchange Square, 8 Connaught Place, Central Hong Kong Tel +852 3626 9318 Houston Houston Benefit Street Partners L.L.C.

1401 McKinney Street, Suite 1825 Houston, TX 77010 Tel +1 713 345 4600 Boston Boston Merganser Capital Management 99 High Street Boston, MA 02110 Tel +1 617 528 4863Victoria's SecretVictoria’s Secret Is Cutting 200 Jobs as Part of Brand RestructuringPhil WahbaVictoria's Secret will cut 200 corporate jobs as it looks to kickstart growth and cut organizational bloat, its parent company L Brands (lb) said on Thursday.L Brands will reorganize Victoria’s Secret into three units: Victoria’s Secret Lingerie, PINK (a more youth oriented brand) and Victoria’s Secret Beauty, news that comes just weeks after long-time brand CEO Sharen Turney abruptly stepped down as the L Brands' biggest division.The heads of each Victoria's Secret unit will report directly to L Brands Chairman and CEO Leslie Wexner.The goal is for Victoria's Secret to "narrow our focus and simply our operating model," Wexner said in a statement.Though Victoria's Secret, a mainstay in U.S.

pop culture thanks to its annual fashion show that draws supermodels and the day's big music stars like Taylor Swift, has performed well in recent years by offering inexpensive but trendy lingerie, its product offering has grown bloated.So the Victoria's Secret re-organization is aimed in part at focusing on product categories with the most promise, meaning it will ditch some of its assortment.That includes its swimwear lines.The change comes amid intensifying competition in the lingerie market.bitcoin linux clientFounded in 1977, Victoria’s Secret has long been the leader in the women’s lingerie market, with $1.1 billion in revenues in 2015.bitcoin longest time between blocksBut as reported last month by Fortune, there is a lot of competition from up and coming brands, and even established brands like American Eagle Outfitters' (aeo)Aerie.The job cuts were announced as L Brands announced its March sales.bitcoin lieferdienst

As if to prove the point, the company said Victoria's Secret's gross merchandise margin had fallen last month because of its attempt to reposition its beauty segment.Still, Victoria's Secret said comparable sales grew 2% last month, numbers that would be the envy of most apparel retailers.At L Brands as a whole, which includes Bath & Body Works and La Senza, same-store sales rose 3%.Total company sales increased 4.7% to $1.03 billion in March.The 200 job eliminations will be in New York and at company headquarters in Columbus, Ohio.SELECT LANGUAGE: English | 中文 | 繁體中文 | 한국어 | 日本語 More News and Events View All Quinn Emanuel Urquhart & Sullivan Adds Leading Competition and Regulatory... Stephen Mavroghenis and Miguel Rato will join the firm as partners based in its Brussels office, working together with both Trevor Soames, who joined in December 2016, and Dr. Nadine Herrmann.Read More £14 billion damages claim filed against MasterCard by UK consumers... A 14 billion pound damages claim has today been filed against MasterCard for imposing illegal card charges that were ultimately borne by UK consumers.

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