Victoria’s Secret & Co.

Victoria’s Secret & Co. (VSCO) is a U.S.-based lingerie and beauty retailer spun off from L Brands in 2021. It operates independently with more than 1,300 stores worldwide and a large e-commerce presence. The company’s reputation remains shaped by its legacy culture under former leadership, where reports of misogyny, harassment, and bullying defined both workplace and branding. Ties between ex-CEO Les Wexner and Jeffrey Epstein compounded the damage, though Wexner exited before the spinoff.

Since then, VSCO has pursued a rebrand: launching the “VS Collective,” cancelling its hyper-sexualized fashion show, and introducing broader size and model diversity. Still, credibility gaps and lingering public distrust continue to define its image.

On supply chains, Victoria’s Secret has faced documented labor rights violations in Asia. When a Thai supplier closed abruptly in 2021, thousands of workers were left without wages or severance until international pressure forced a settlement. The company ultimately financed $8.3 million in compensation, illustrating both the harm and the leverage it holds over its supply base.Victoria’s Secret sources from multiple manufacturers, including Delta Galil’s network following its acquisition of the Bogart Group, a major intimates supplier. The brand’s factory list also names Delta Galil Vietnam as a supplier. In Israel, Victoria’s Secret stores are franchised and operated by Delta Israel.