J. Crew hires former head of Victoria's Secret as its new CEO [CNNMoney.com]
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Source: CNNMoney.com
J. Crew hires former head of Victoria's Secret as its new CEO New York (CNN Business) J. Crew has turned to an executive from another struggling brand, Victoria's Secret, to lead its turnaround. Jan Singer will become J. Crew's new CEO, the company said Tuesday. Singer became Victoria's Secret chief executive in 2016, but she left the company in 2018 amid a sales slump and competition from online lingerie brands. Singer, 55, also was CEO of Spanx and worked in executive roles at Nike ( NKE ) and other retailers. Despite declining sales at Victoria's Secret, J. Crew, in a statement, pointed to Singer's "significant experience in building global consumer brands and consumer and retail leadership." J. Crew has been searching for a permanent chief executive since 2018, when former CEO Jim Brett, who came from West Elm, resigned less than two years into the role. Brett left the company because of a disagreement with the board of directors over how to "evolve" J. Cr
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