The UK arm of lingerie retailer Victoria's Secret has collapsed into administration, putting more than 800 jobs and 25 stores at risk.
The company, which runs branches across the UK, has called in Deloitte for a "light touch" administration, after being hit by the closure of high streets during the pandemic.
Administrators will try to find a buyer for its assets, or re-negotiate its rents, in a bid to pull it out of administration.
Victoria's Secret had already furloughed 785 of its workers before appointing administrators - it is understood that all workers will remain on the job retentions scheme until an outcome is agreed.
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