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.
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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.
