Victoria’s Secret owed £466m before collapsing

Victoria’s Secret’s UK arm sunk to a £100m operating loss before it fell into administration, with 200 creditors owed nearly half a billion pounds. The lingerie chain, famous for its fashion shows featuring supermodel “angels”, drafted in advisors at Deloitte in June to oversee a so-called light touch administration. For the 16 months to May, it recorded an operating loss of £109m, documents at Companies House show, having been propped up by its American owner