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

Where are fashion’s priorities? How sustainability will fare post pandemic is just one of many open questions. Join SJ on July 15 at 11 am for a webinar on how the crisis will affect future sourcing decisions and how to better measure progress.

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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