Victoria's Secret UK has crashed into administration, becoming the latest high street casualty of the pandemic and putting more than 800 jobs in jeopardy. Victoria's Secret will try to drum up business online to mitigate against the gaping sales vacuum left by the closure of its stores. In May private equity vehicle Sycamore Brands pulled out of a 525 million US dollar (£407 million) deal to take a 55 per cent stake in Victoria's Secret. For two decades Epstein was personal wealth adviser to Wexner and reporedly tried to influence the selection of Victoria's Secret models. As well as a shift in public perception of the Victoria's Secret Fashion Show, the brand faced a continued decline in sales.

Source: Daily Mail June 05, 2020 11:47 UTC