The lingerie brand was tarnished by its connection to Jeffrey Epstein, and by fading cultural appeal. With the relaunch of its once-iconic fashion show, Victoria's Secret is fighting for relevance.

This episode was produced by Ariana Aspuru, edited by Miranda Kennedy, fact-checked by Laura Bullard, engineered by Patrick Boyd, and hosted by Noel King.

Gigi Hadid at the 2025 Victoria's Secret Fashion Show. Photo by Gilbert Flores/Variety via Getty Images.

Listen to Today, Explained ad-free by becoming a Vox Member: vox.com/members. New Vox members get $20 off their membership right now. Transcript at ⁠vox.com/today-explained-podcast.⁠ from Amy Odell on her substack: https://amyodell.substack.com/.
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