End of an era: Victoria’s Secret to pull annual fashion show from TV

Victoria’s Secret is “rethinking” its annual fashion show following at least five years of declining viewership, according to a memo sent to employees by Les Wexner, CEO of Victoria’s Secret parent company L Brands, and obtained by the New York Times. Wexner reportedly said that the brand “must evolve and change to grow” and network television is no longer “the right fit”. He added that the company will develop a “new kind of event” on different platforms in the future, without giving further details.