Can Next or M&S turn Victoria’s Secret around?

The retail industry was left wondering what the future holds for Victoria’s Secret when parent company L Brands placed its UK arm into administration on June 5, putting over 800 jobs and 25 stores at risk.
Before its collapse, speculation was rife that Victoria’s Secret would have a change of hands when L Brands’ billionaire founder Lex Wexner sold the firm’s controlling stake to Sycamore Brands for about $525 million (£407 million) – a move that could’