On June 26, Victoria’s Secret’s joint venture partner in China, Regina Miracle, announced its financial results for the fiscal year ending March 31, 2024. Victoria’s Secret China reported annual revenue of approximately $240 million (HK$1.88 billion), a 40% YoY increase, and a net profit of about $11 million (HK$85.4 million), marking a turnaround from losses. In 2022, Regina Miracle announced the formation of a joint venture with Victoria’s Secret, with Victoria’s Secret holding a 51% stake and Regina Miracle holding the remaining 49%.