Women's wear, lingerie and beauty products
Founded in 1977, this company became USA's largest retailer of lingerie. In 2020 parent company L Brands sold a 55% stake to US private equity firm Sycamore Partners.
| Sycamore Partners
owns 55% of Victoria's Secret
| L Brands Inc
owns 45% of Victoria's Secret
This website by German NGO Earth Link rates companies on their corporate policies against child labour, production monitoring and accusations of child labour. This company received at least one green mark, and no red marks, indicating good performance in one or more of these areas.
[Source 2013][More on Human Rights]
This company received a score of 6.6/100 (retrieved 25-Feb-2020) in the Corporate Information Transparency Index (CITI), a system for evaluating supply chain practices in China, particularly in regards to environmental management and water pollution. Scores are calculated using government compliance data, online monitoring data, and third-party environmental audits, as well as trends in the environmental performance of factories in the company's supply chains.
[Source 2020][More on Habitats]
This 2007 investigative report into a sewing factory in Jordan reveals how workers are: paid well below living wage, illegally forced to work overtime, denied necessary residency permits, housed in freezing unheated dorms, and set impossible production goals. Their customers include Victoria's Secret. [Listed under information due to age of report]
[Source 2007][More on Workers Rights]
Major corporations, including this one, use prison labour in the USA, where prisoners are paid slave wages as low as 23 cents an hour doing work which is often dangerous, toxic and unprotected. While much of the work done by prisoners is for the military, other major corporations are taking advantage of the cheap labour in both federal and state US prisons.
[Source 2013][More on Workers Rights]
This 2011 report by the International Textile Garment and Leather Workers' Federation (ITGLWF) examined working conditions in 83 factories in Indonesia, Sri Lanka and the Philippines. Investigations found that widespread violations and abuses of workers' rights continue to be the norm, such as underpaying workers, long hours, forced overtime, and repression of the freedom of association. This company's brands were found to be made in one or more of the 83 factories covered in the research. [Listed under Information due to age of report]
[Source 2011][More on Workers rights]
'Nice' rating on the 2009 Naughty/Nice List, the Scorecard on the Catalog and Direct Mail Industry by Forest Ethics. [Listed under information due to age of report]
[Source 2009][More on Forests]
This company has taken angora items off the shelves and promised not to use angora again, following a PETA campaign launched in Dec 2013 which revealed the cruelty inflicted on angora rabbits in Chinese factory farms, where 90% of the world's angora is produced.
[Source 2018][More on Animal Rights]
Call to boycott by BDS due to involvement in Israel. [This assessment has not been used in calculation of ratings]. Most of Victoria's Secret's bras are produced by Delta Galil (Israel's largest textiles manufacturer).
[Source 2009][More on Politics]
The 2019 Fashion Transparency Index looks at how much brands know about their supply chains, what kind of policies they have in place and importantly, how much information they share with the public about their practices and products. Brands owned by this company scored 23%, signifying it is doing a bit more than the others when it comes to having policies and commitments in place and auditing and reporting activities, but could be doing more. The average score was 21% and the highest score was 64%.
[Source 2019][More on Sustainability Reporting]
Sycamore Partners has been involved in more than a dozen retail industry buyouts since it was founded in 2011. While the firm has reaped hundreds of millions of dollars in profits from its investments, its methods have often been controversial, in some cases saddling retailers with massive debt that eventually played a role in their bankruptcies. When a private equity firm drives a company into bankruptcy, the loss for the private equity firm is limited; it is the company and its workers who pay the price. Follow the link for more details.
[Source 2020][More on Governance]
|Company Structure||Wholly-owned subsidiary|
|Revenue||US$6.12 billion in 2014|
|Address||Columbus, Ohio, USA|