Victoria's Secret has announced plans to permanently close 250 stores in the US and Canada in 2020.
The brand has 849 stores in North America. Most of these places have remained closed since March due to the COVID-19 pandemic.
To get the brand out of crisis and restore the previous sales pace, Victoria’s Secret planned to sell a controlling stake in Sycamore Partners, a private investment company. However, the deal did not take place amid the COVID-19 crisis - and the company had no choice but to close its stores.
14:41, May 27Brad Pitt seen after months without visit to salon
13:19, May 27Stylish Irina Shayk captured during quarantine in New York
12:11, May 27Woody Allen speaks about scandalous marriage with adopted daughter
11:03, May 27Andrea Bocelli donates blood plasma after recovering from COVID-19
16:59, May 26Naomi Campbell shares photo from her archive dedicated to Africa Day
13:10, May 26Brad Pitt's new passion: Who is she?
11:10, May 26'Relic' official trailer released
19:11, May 25Elon Musk and Grimes have to change their baby's name
18:10, May 25Queen star says he underwent surgery and was 'very near death' after a heart attack
15:39, May 25Forever to go: Kim Kardashian and Kanye West celebrating their 6th wedding anniversary
11:05, May 25System of a Down concert in Armenia is rescheduled for 2021
17:16, May 24Jennifer Lopez performs sexy dance