By John Smith • 07 June 2020 • 13:52
Victoria’s Secret stores had to close
Credit: Gerard Stalk flickr
THE name Victoria’s Secret is synonymous with tall and voluptuous models dressed in skimpy sexy underwear on cat walks in the USA in particular.
They expanded into Europe and had 25 stores across the UK offering a range of clothing not just lingerie and employed 800 staff.
Now, thanks mainly to the coronavirus lockdown, they have had to call in Administrators as they can no longer trade safely due to financial losses.
Deloitte which is in charge now will hope to find a buyer so that the business can continue.
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Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica.
Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene.
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