Categories: Magazine

Trustees appointed for Victoria’s Secret’s UK operations

The last victim of the coronavirus was Victoria’s Secret, a US-based world-renowned women’s underwear brand. A trustee was appointed for the company’s operations in the UK.

Women's underwear brand Victoria's Secret's UK

Trustees were appointed to the operations of the American women’s underwear and beauty company Victoria’s Secret in the UK. It is stated that more than 800 employees of the company are at risk. Victoria’s Secret had placed 785 employees on unpaid leave before the appointment of a trustee.

The company, known for its television shows, had 25 stores across the UK. Due to the coronavirus outbreak, these stores have been closed since March. Deloitte, the audit, tax and consultancy firm, undertook the management of the company. Deloitte announced that they were looking for customers for the shops and that they would not employ workers at the first stage.

THE Victim of the Outbreak

Rob Harding, one of the company’s powers, said Victoria’s Secret is one of the new victims of the outbreak. However, the company had declined before the epidemic. The company had announced operating losses of £ 170 million (approximately $ 215 million) in a year up to February 2019.

CANCELED LAST YEAR FASHION SHOWS

Victoria’s Secret, which has closed some of its stores in the USA, has canceled the fashion shows with its models known as “angels” since 1995 due to the low rate of last year. The fashion show, which was outdated and sexist by some circles, was last published in 2018.

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