79: Martin Waters, CEO of Victoria’s Secret & Co, Discusses Their Changing Business

Money Maze Podcast

Business, Investing, Management, News, Business News

4.8 • 216 Ratings

🗓️ 10 November 2022

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

As the Money Maze Podcast seeks to understand both the business and investment worlds, especially against the backdrop of a tougher economic environment, we are delighted to speak to Martin Waters, CEO of Victoria’s Secret & Co (VS&Co).

Martin begins by explaining his retailing journey, Victoria’s Secret’s history and evolution, as well as the challenges and opportunities that lie ahead. Spun off from L Brands in 2021, the Fortune 500 lingerie and beauty retailer is known for its high visibility marketing and annual fashion shows. They have over 1,350 stores globally and more than 30,000 employees.

Martin explains how it is adapting both to the economic climate as well as the issues specific to managing a world leading fashion and beauty retailer.

He discusses the vision for the company, its values, their multichannel distribution strategy, and the risks and rewards of brand extension. He then analyses this competitive market, the changes taking across retail, and how their board is composed. With 7/8 of their board being female, Martin explains how valuable women are in helping him think about strategy, and why he is so excited about the future.

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The Money Maze Podcast is kindly sponsored by Schroders, Bremont Watches, LiveTrade and Mintus.

Transcript

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0:00.0	Welcome to the Money Maze podcast. I'm Simon Brewer and Will Campion and I have created this show to explore and unravel some of the mysteries surrounding the investment business. We hope through direct and insightful interviews with
0:21.8	masters of the real-life money maze, we're going to learn about different approaches to
0:26.3	allocating capital, making investment and business decisions, and navigating the pitfalls that
0:32.0	lie in the paths to prosperity. Whether you're a current or aspiring investor, entrepreneur, professional or student exploring career options, we hope you gain some helpful insights and enjoy the shows.
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0:54.5	and we'd love you to tell a friend or colleague about it.
0:57.3	Thank you for listening.
1:01.0	We're delighted to have Schroeder's as a sponsor and corporate partner.
1:05.5	Schroeder is a global investment manager
1:07.6	whose purpose is to provide excellent investment performance through active
1:11.8	decision-making. For more than two centuries, Schroeder's has evolved their understanding of
1:16.3	markets, offering investment solutions across fixed income, equities, multi-asset, as well as private
1:22.5	markets through Schroeder's capital. Schroeder's actively invests in companies with
1:27.0	responsible and durable
1:28.2	business models. They're also a leading specialist in impact investing for clients who want to
1:33.1	maximize positive change. Capital is at risk with investing.
1:37.9	Bromont is also a sponsor of the Money Maze podcast. Bramont is a British company based in Henley that was established 20 years ago by two young
1:46.8	brothers whose dream was to design and engineer beautiful chronometers.
1:52.0	When Giles English, one of those brothers appeared as a guest on the Money Mays podcast last
1:56.7	year, he brought to life the wonderful history of British watch baking, helping to explain why the
2:02.5	world sets its time by Greenwich Mean Time, and he captured the incredible challenge of mastering
	...

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