Marks and spencer is eyeing the uk supply of difficult underwear brand victorias secret, one of the high street stores having fallen into management through the lockdown.
The retailer, which offers one out of three bras purchased when you look at the uk, has expressed an interest inside british supply of the underwear brand but hasn't however communicated any intention, said one person briefed from the details. upcoming normally among companies to have looked into the possibility, since was reported by sky news.
Both stores declined to comment, while victorias secret uk stated it had been however working together with directors at deloitte to review a variety of possible outcomes.
Victorias secret folded into administration three weeks ago, placing about 800 tasks at risk. it's since reopened about a 3rd of the 25 united kingdom stores. the groups web store just isn't possessed or run because of the business and contains perhaps not been suffering from the management.
The lingerie brand name fabled for its flashy manner programs joined the ranks of various other high-street stores, eg monsoon and cath kidson, that have also appointed administrators during lockdown. some brands, including fashion stores oasis and warehouse, failed to locate buyers and can shut their particular shops forever, with on line rival boohoo purchasing their particular intellectual residential property.
Victorias secret in addition has experienced difficulty in america, in which it is among countrys largest lingerie stores. last month, the companies owner l brands and sycamore partners called off a $525m price that would have given the exclusive equity team a big part share in lingerie store.
M&s, which holds a 27 per cent united kingdom market share in underwear, a year ago set up a joint venture with on the web grocery store ocado, whereby it is about to sell about 1,600 everyday important clothes outlines and present guest clothes brands, hoping to make 100m of additional income in two years.