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Next agrees joint venture deal for Victoria's Secret UK business

Published by Yahoo on Tue, 15 Sep 2020


High Street retailer Next has agreed a joint venture deal for the Victoria's Secret UK business, in a move set to help safeguard hundreds of jobs at the lingerie chain.US beauty and fashion company L Brands, behind the Victoria's Secret group which is known for its fashion shows, said it has formed a joint venture with Next which will acquire the majority of the assets of the lingerie brand's UK business that is currently in administration.
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