Victoria’s Secret UK division tumbles into administration

US lingerie retailer Victoria’s Secret is poised to continue its UK expansion by opening its first store in the Southwest of England.

Victoria’s Secret’s UK arm has fallen into administration, putting nearly 800 jobs at risk.

The lingerie specialist, which operates 25 shops across the UK, has appointed Deloitte as administrators.

Deloitte described the administration as ‘light touch’, with management set to continue the day-to-day operations of the business and no immediate redundancies to be made as a buyer for the business division is sought.

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