The chief executive of luxury lingerie company Victoria Secret is resigning from the company after ten years at the head of the chain. Sharen Jester Turney, who has been with the retailer for 16 years, was promoted to chief executive officer in 2006 since when she has grown sales by 70%.

In a statement, Ms Turney said that she was stepping down to “prioritise family and my personal life and consider what's next for me professionally".
She will be handing the reigns to Les Wexner, head of the chain’s parent company L Brands Inc.

"We are very grateful to Sharen for her leadership and all that she has accomplished; Victoria's Secret sales have increased more than 70% to $7.7bn and profit has increased substantially during her years as CEO. While she will be missed, we support her in her choice and wish her well," Mr Wexner commented.

"We have strong confidence in the strength of the brand and our growth opportunities, and I look forward to taking on a more active role and working with the talented leadership team at Victoria's Secret."