VS isn't iconic anymore tho, it isn't only on the fact that they don't use the angels anymore, it's the fact that people don't even know who are those angels. Their stuuf isn't only overpriced and low quality, they are not marketed right and most of their thing are straight up ugly or uncomfortable.
Also, part of what VS was THE VICTORIA'S SECRET back was the fact that no other lingerie brand could hold a candle to them, they got stuck when the competition got strong. They had the exclusivity, the biggest models on the world worked for them, now just anybody could book the show and even being an angel. The angel status used to be that thing that everybody wanted, now not everyone could achieve that and that's why everyone wanted it. Now every nobody can be an angel, now we're stuck with almost 20 angels and if we, that know those girls by name forget they're angels, just imagine how many of them they general public; they may know like 3 of them and still naming the one that aren't angels anymore.
One more thing, there's literally ZERO difference between being an angel and being a regular VS model. Exclusivity is dead, the angels status is dead.