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

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

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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