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British Megachains Eye Bankrupt Victoria’s Secret UK as Intu Collapses Under $5.8B Debt

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U.K.-based department store Marks & Spencer (M&S) and apparel retailer Next are two of three parties that have reportedly shown interest in acquiring the British arm of Victoria’s Secret out of bankruptcy, according to Sky News. On June 5, the lingerie retailer’s parent company L Brands placed the U.K. arm into administration, the equivalent of…

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