Lingerie chain Victoria’s Secret UK goes into liquidation

V ictoria’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.