{"id":165551,"date":"2021-08-02T08:05:10","date_gmt":"2021-08-02T08:05:10","guid":{"rendered":"https:\/\/www.theindustry.fashion\/victorias-secrets-former-uk-business-moved-from-administration-into-liquidation\/"},"modified":"2021-08-12T11:42:59","modified_gmt":"2021-08-12T11:42:59","slug":"victorias-secrets-former-uk-business-moved-from-administration-into-liquidation","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/victorias-secrets-former-uk-business-moved-from-administration-into-liquidation\/","title":{"rendered":"Victoria's Secret's former UK business moved from administration into liquidation"},"content":{"rendered":"<p>A judge has ruled that <strong>Victoria's Secret's former UK operations can move from administration to liquidation<\/strong> enabling dividends to be paid to creditors.<\/p>\n<p><!--more--><\/p>\n<p>The US lingerie group's <strong>UK arm was placed into administration last year<\/strong> and a joint venture deal was subsequently struck with high street chain Next to run its UK &amp; Ireland stores and its UK e-commerce business (the online retail business had not been part of the administration).<\/p>\n<p>Parent L Brands' deal with <strong>Next secured 500 jobs and the future of its retail stores.<\/strong> Next owns 51% of the joint venture.<\/p>\n<p>A spokesman for administrators Teneo said <strong>a judge had approved a move into liquidation last week enabling creditors to be paid.<\/strong>\u00a0Judge Sally Barber considered the case at a hearing in the Insolvency and Companies Court.<\/p>\n<p>The Victoria\u2019s Secret brand has faced problems over the past couple of years as its <strong>over-sexualised imagery and its high-octane catwalks shows<\/strong> in which supermodels were presented as \u201cAngels\u201d felt out of step in the post-#MeToo era.<\/p>\n<p>It has since sought to present a more inclusive brand image <strong>introducing trans and plus-size models to its campaigns.<\/strong><\/p>\n<p>L Brands spun the Victoria's Secret brand off into its own entity in May of this year and it is now run as a separate company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A judge has ruled that Victoria's Secret's former UK operations can move from administration to liquidation enabling dividends to be paid to creditors.<\/p>\n","protected":false},"author":11,"featured_media":139404,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10585,6,10494],"tags":[16645,10769,3683,15182],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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