Leicester's high-street giant Next, is set to save hundreds of jobs at the lingerie brand Victoria's Secret.
The company has teamed with the L Brands, which owns the lingerie business, to keep it running in the UK - saving 500 jobs.
Business Live reports that, subject to regulatory clearance, the deal between the two companies would create a new company to operate in the UK and Ireland.
The deal will safeguard the jobs of more than 500 of the 800 people that were working for Victoria’s Secret when the administrators were brought in.
Back in July Next Plc was chosen as the preferred franchise partner for the UK arm of Victoria’s Secret, after it went
link source - Leicester Mercury - Business