Victoria’s Secret, the US lingerie retailer that captivated criticism for its manner shows featuring supermodel “angels”, is currently being bought by personal fairness in a $525m (£407m) deal.
It opened its initial Uk shop in 2012, alongside with other people in Europe and South The united states, although the chain may well wish it experienced not distribute alone so thinly abroad.
The business enterprise, which has 25 outlets in the Uk, posted losses that balloon to £170m previous calendar year, up from £48m two many years ago, generally dragged down by onerous leases. It received a income injection truly worth £11m from its owner in Oct, the most current accounts exhibit, and warned that it did not have options to extend even further in the Uk.
L Brand names, which also owns Bathtub & Human body Operates in the US, has sold a managing stake in the struggling chain, best