×
67 280
Fashion Jobs
CENTRIC BRANDS
Coordinator, Ecommerce Operations
Permanent · New York
CENTRIC BRANDS
Sales Operations Manager
Permanent · New York
PUMA
Merchandising Manager, Retail Accessories
Permanent · Somerville
ATHLETA
Assistant General Manager - Town & Country
Permanent · Palo Alto
COTY
Global Marketing Manager, Marc Jacobs
Permanent · New York
COTY
sr. Analyst, Treasury
Permanent · Sanford
TIFFANY & CO
Quality Assurance Manager
Permanent · Lexington
TIFFANY & CO
Full Time Branch Security Officer - Charlotte
Permanent · Charlotte
TIFFANY & CO
IT Senior Business Analyst - Ecommerce/Payments & Browser/Pim
Permanent · Parsippany-Troy Hills
TIFFANY & CO
Manager, Public Relations— Print & Digital Relations, Americas
Permanent · New York
OLD NAVY
Assistant General Manager ne, Merchandising - Caraway Plaza s/c
Permanent · Jonesboro
MICHAEL KORS
Sales Supervisor - Providence Place ri
Permanent · Providence
URBN
Free People Buying Coordinator - Accessories
Permanent · PHILADELPHIA
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Bradley
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · West Mifflin
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Oceanside
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Elk Grove
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Bloomington
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Springfield
KOHLS
Full-Time Loss Prevention Officer
Permanent · Lincolnwood
KOHLS
Associate Sourcing Materials Manager - Knits
Permanent · Menomonee Falls
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Humble
Published
Jun 26, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Next and M&S eye up Victoria's Secret UK - report

Published
Jun 26, 2020

UK retail giants Next and Marks & Spencer are both interested in taking on the British operations of Victoria's Secret, the international lingerie brand owned by L Brands, according to a report.


Instagram: @victoriassecret



They’re said to be among several parties looking at becoming the new UK franchise partner for the brand’s parent company with a news story saying that at least one other unknown party is also looking at a deal. Those parties will negotiate with Deloitte, which was called in as administrator to the British arm of the chain earlier this month.

Sky News reported the story as the chain reopens around a third of its 25 UK shops on Friday.

It's perfectly feasible that both Next and M&S would be looking at the operation as both are already major players in the intimates market in Britain. Next is also currently expanding its wider business by linking up with a large number of brands in multiple categories and is also growing by opening standalones in expanding categories, such as beauty.

M&S, meanwhile is forging stronger links with external brands as well, after most of its history was dominated by its own label. It said when it released its recent annual results that it's looking closely at “complementary guest brands to broaden appeal and increase online growth”. 

As it seeks growth opportunities, it would make sense to take on a major name in the intimates sector in which M&S already has a dominant position in the UK. It currently has a 27% share of the overall lingerie market and 36% of the market for bras, although this means any deal it might strike could attract the interest of the competition authorities.

Regardless of who eventually wins control of the chain, it's likely that they'll want to seek better deals from landlords in terms of rent and service charges, although Sky News reported that those shops reopening are already doing so with reduced rents.

Copyright © 2022 FashionNetwork.com All rights reserved.