Victoria’s Secret aims for a makeover by going private

Victoria’s Mystery, the US lingerie retailer that attracted criticism for its fashion exhibits featuring supermodel “angels”, is becoming acquired by personal equity in a $525m (£407m) deal.

It opened its initially United kingdom keep in 2012, alongside with many others in Europe and South The united states, although the chain might wish it experienced not spread itself so thinly overseas. 

The business enterprise, which has 25 stores in the United kingdom, posted losses that balloon to £170m very last calendar year, up from £48m two many years in the past, primarily dragged down by onerous leases. It got a dollars injection truly worth £11m from its operator in October, the most latest accounts show, and warned that it did not have plans to broaden additional in the United kingdom. 

L Makes, which also owns Bath & Overall body Performs in the US, has marketed a managing stake in the battling

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