Lingerie chain Victoria’s Secret UK goes into liquidation
The move will enable dividends to be paid to creditors.
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Victoria’s Secret UK has moved out of administration and into liquidation.
The UK arm of the lingerie retailer went into administration last year.
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 Insolvency and Companies Court earlier this week.
The retailer said it had hired administrators in June 2020 after being affected by the coronavirus lockdown.
Bosses said then that Victoria’s Secret’s online business was not owned by Victoria’s Secret UK and would continue as usual.