This Victoria's Secret Exec Just Became a Billionaire

Big business: Victoria’s Secret is a money-making machine. According to Business of Fashion, Hung Yau Lit has just joined the billionaire club with his $1.1 billion fortune. He’s the chairman of Regina Miracle International Holdings Ltd., which is the supplier of Victoria's Secret, Calvin Klein, and other brands. The company has seen a 71% gain since going public on the Hong Kong stock exchange in October. Click here to shop new arrivals from Victoria's Secret. [Business of Fashion]

Major sale news: It’s back! Gilt City is hosting another one of its famous warehouse sales in Los Angeles on December 11 and 12. Expect designers like Dior, Thakoon, and Marni at up to 80% off retail. Snag your tickets here before they sell out. [Gilt City]

Holiday shopping: Attention, L.A. shoppers: Mosey on over to Westfield Century City to check out three newly installed vending pop-ups. Featuring a trio of local favorites, including Alfred's Coffee, indie boutique Poketo, and photographer Gray Malin, the vending machines are your one-stop shop for on-the-go gifts like iPhone cases, stationery, prints, and more. [Westfield Century City]

Shop like Whitney Port: The designer and style maven shared her favorite gift picks for the holidays. From a cute pajama set to a chic notebook, her choices are truly top-notch. [MyDomaine]

Hair secrets: If you have thick hair, Byrdie has rounded up the most flattering short haircuts for you. Styles include the choppy lob, the shag, and the blunt bob with bangs. [Byrdie]