Lingerie chain Victoria’s Secret UK enters liquidation

business
Lingerie Chain Victoria’s Secret Uk Enters Liquidation
Victoria’s Secret UK enters administration, © PA Archive/PA Images
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By Brian Farmer, PA

Victoria’s Secret UK has moved out of administration and into liquidation.

The UK arm of the lingerie retailer went into administration last year.

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A spokesman for administrators Teneo said a judge has approved a move into liquidation.

He said the move would enable dividends to be paid to creditors.

Judge Sally Barber considered the case at a hearing in the UK's Insolvency and Companies Court earlier this week.

The retailer said it had hired administrators in June 2020 after being affected by the coronavirus lockdown.

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Bosses said then that Victoria’s Secret’s online business was not owned by Victoria’s Secret UK and would continue as usual.

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