Latest news with #Victoria'sSecret&Co
New York Post
28-05-2025
- Business
- New York Post
Victoria's Secret website down in mysterious dayslong crash
Victoria's Secret's website remained down on Wednesday in a mysterious outage that reportedly began during a Memorial Day sale on Monday. The lingerie retailer, based in Columbus, Ohio, said it was dealing with a 'security incident' in a pop-up notice on the website. 'We have taken down our website and some in-store services as a precaution. Our team is working around the clock to fully restore operations,' Victoria's Secret said in the notice. Advertisement Victoria's Secret & Co's website was down in a mysterious dayslong outage. Alfredo – The retailer told The Post it immediately enacted its response protocols and that third-party experts are engaged in the matter. Frustrated customers took to social media to complain about the persistent outage, with many claiming the website has been offline since Monday. Advertisement The company would not say when the outage began or whether any customer data was breached in the security incident. The company reported $2 billion in digital sales last year, or roughly a third of its total revenue. Some customers complained that the Victoria's Secret website had been down since Monday. Getty Images Shares in Victoria's Secret plunged 6.8% on Wednesday. Advertisement Victoria's Secret and PINK brick-and-mortar locations remain open, the retailer noted.
Yahoo
22-05-2025
- Business
- Yahoo
Victoria's Secret Uses ‘Poison Pill' as Brett Blundy's BBRC Increases Stake
On May 20, Australian billionaire Brett Blundy's investment vehicle, BBRC International Private Limited, increased its stake in the lingerie manufacturer, Victoria's Secret & Co. (NYSE:VSCO), to implement a limited-duration shareholder rights plan. According to Board Chair Donna James, the "poison pill" prevents anyone from taking over the business without paying all shareholders a fair premium. One right will be granted per share on May 29 under the proposal, and it will only be exercisable if one investor purchases 15% or more of Victoria's Secret & Co. (NYSE:VSCO) shares. After the announcement, shares began trading at $22.87, which showed a slight increase. A middle aged woman in a boutique trying on intimate products. Since March, BBRC has acquired over 10.31 million shares, or 13% of Victoria's Secret & Co. (NYSE:VSCO). According to the retailer, BBRC purchased stock for over three years without submitting required antitrust filings, but the company has already rectified the documentation, allowing it to raise its holding to as much as 49.99% once a mandated waiting period ends on May 21. Victoria's Secret & Co. (NYSE:VSCO) is facing weak demand as consumers reduce their discretionary spending due to recession concerns and tariff uncertainties. As the business completes its turnaround, the right strategy seeks to maintain strategic flexibility. Board concerns about possible creeping acquisition methods have been heightened by BBRC's history of gaining control of retail firms, including the recent introduction of its own lingerie and beauty line and its support of companies like Bared Footwear and Oz Hair & Beauty. While we acknowledge the potential of VSCO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VSCO and that has 100x upside potential, check out our report about this READ NEXT: and . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fashion United
20-05-2025
- Business
- Fashion United
Victoria's Secret & Co implements plan to prevent possible takeover
Lingerie group Victoria's Secret feels compelled to take action now that shareholder Brett Blundly is buying more and more shares. The American group wants to prevent Blundly from gaining a majority stake or even control of the group, according to a newly submitted plan. Blundly owns the company BBRC International Pte Limited. For some time, this company was a 'passive investor'. However, since March 2025, it increased its number of shares to 13 percent of the total outstanding shares of Victoria's Secret & Co. The lingerie group said in a statement that BBRC had bought shares in recent years but had not complied with anti-competition laws in the US. Namely, the company did not submit the necessary documents. In addition, it did not observe the necessary waiting period. BBRC has since adjusted and submitted the documents, giving the company the option to buy up to 49.99 percent of Victoria's Secret & Co's shares. This option is valid from Wednesday, May 21. It may be attractive for BBRC to gain control of the lingerie group, as the company has often had majority stakes in retail companies and recently started its own lingerie, nightwear and beauty company. According to Victoria's Secret & Co, the current share price is now low due to poor market conditions. If an investor now buys many shares and thereby brings about a takeover, many other shareholders will be worse off. Due to concerns about this possible intention, a limited-term shareholder rights plan has now been set up. The plan is valid for one year. During that year, existing shareholders will receive more rights. The moment someone gets 15 percent or more of the shares, other shareholders (except the one who initiated it) will have the chance to buy more shares for half the price. This will make it more difficult and expensive for BBRC to acquire a majority stake. This will hopefully prevent a sudden takeover.
Yahoo
15-05-2025
- Business
- Yahoo
Victoria's Secret & Co. Invites You to Listen to the First Quarter 2025 Earnings Call Webcast
REYNOLDSBURG, Ohio, May 15, 2025 (GLOBE NEWSWIRE) -- In conjunction with the Victoria's Secret & Co. (NYSE: VSCO) first quarter 2025 earnings release, which will cross the wire before market open on Thursday, June 5th, you are invited to listen to a live webcast of the conference call on Thursday, June 5th at 8:30 a.m. ET with Victoria's Secret & Co. executives. The earnings release and related financial information detailing the company's first quarter results are expected to be issued approximately one hour prior to the start of the live webcast. The earnings release and related financial information will be available on our website at What: Victoria's Secret & Co. First Quarter 2025 Earnings Conference Call Webcast When: 8:30 a.m. ET on Thursday, June 5, 2025 Where: How: Log on to or call:Domestic Dial-In Number: 800.619.9066 (Passcode 5358727) Domestic Replay Number: 800.839.2204 (Passcode 2485654) International Dial-In Number: 212.519.0836 (Passcode 5358727) International Replay Number: 203.369.3032 (Passcode 2485654) If you are unable to participate during the live webcast, the call will also be archived on our website here. About Victoria's Secret & Co. Victoria's Secret & Co. (NYSE: VSCO) is a specialty retailer of modern, fashion-inspired collections including signature bras, panties, lingerie, apparel, casual sleepwear, swim, lounge and sport, as well as award-winning prestige fragrances and body care. VS&Co is comprised of market leading brands, Victoria's Secret and PINK, that share a common purpose of supporting women in all they do, and Adore Me, a technology-led, digital first innovative intimates brand serving women of all sizes and budgets at all phases of life. We are committed to empowering our more than 30,000 associates across a global footprint of approximately 1,380 retail stores in nearly 70 caution that any forward-looking statements (as such term is defined in the U.S. Private Securities Litigation Reform Act of 1995) contained in this press release or made by us, our management, or our spokespeople involve risks and uncertainties and are subject to change based on various factors, many of which are beyond our control. Accordingly, our future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements, and any future performance or financial results expressed or implied by such forward-looking statements are not guarantees of future performance. Forward-looking statements include, without limitation, statements regarding our future operating results, the implementation and impact of our strategic plans, and our ability to meet environmental, social, and governance goals. Words such as 'estimate,' 'commit,' 'will,' 'target,' 'goal,' 'project,' 'plan,' 'believe,' 'seek,' 'strive,' 'expect,' 'anticipate,' 'intend,' 'continue,' 'potential' and any similar expressions are intended to identify forward-looking statements. Risks associated with the following factors, among others, could affect our results of operations and financial performance and cause actual results to differ materially from those expressed or implied in any forward-looking statements: general economic conditions, inflation and changes in consumer confidence and consumer spending patterns; market disruptions including pandemics or significant health hazards, severe weather conditions, natural disasters, terrorist activities, financial crises, political crises or other major events, or the prospect of these events; uncertainty in the global trade environment, including the imposition or threatened imposition of tariffs or other trade restrictions; our ability to successfully implement our strategic plan; difficulties arising from changes and turnover in company leadership or other key positions; our ability to attract, develop and retain qualified associates and manage labor-related costs; our dependence on traffic to our stores and the availability of suitable store locations on satisfactory terms; our ability to successfully operate and expand internationally and related risks; the operations and performance of our franchisees, licensees, wholesalers and joint venture partners; our ability to successfully operate and grow our direct channel business; our ability to protect our reputation and the image and value of our brands; our ability to attract customers with marketing, advertising and promotional programs; the highly competitive nature of the retail industry and the segments in which we operate; consumer acceptance of our products and our ability to manage the life cycle of our brands, remain current with fashion trends, and develop and launch new merchandise, product lines and brands successfully; our ability to integrate acquired businesses and realize the benefits and synergies sought with such acquisitions; our ability to incorporate artificial intelligence into our business operations successfully and ethically while effectively managing the associated risks; our ability to source materials and produce, distribute and sell merchandise on a global basis, including risks related to: political instability and geopolitical conflicts; environmental hazards and natural disasters; significant health hazards and pandemics; delays or disruptions in shipping and transportation and related pricing impacts; foreign currency exchange rate fluctuations; and disruption due to labor disputes; our geographic concentration of production and distribution facilities in central Ohio and Southeast Asia; the ability of our vendors to manufacture and deliver products in a timely manner, meet quality standards and comply with applicable laws and regulations; fluctuations in freight, product input and energy costs; our and our third-party service providers' ability to implement and maintain information technology systems and to protect associated data and system availability; our ability to maintain the security of customer, associate, third-party and company information; stock price volatility; shareholder activism matters; our ability to maintain our credit rating; our ability to comply with regulatory requirements; and legal, tax, trade and other regulatory matters. Except as may be required by law, we assume no obligation and do not intend to make publicly available any update or other revisions to any of the forward-looking statements contained in this press release to reflect circumstances existing after the date of this press release or to reflect the occurrence of future events, even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized. Additional information regarding these and other factors can be found in 'Item 1A. Risk Factors' in our 2024 Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 21, 2025. For further information, please contact: Victoria's Secret & Co.: Investor Relations: Media Relations: Kevin Wynk Brooke Wilson investorrelations@ communications@
Yahoo
02-05-2025
- Business
- Yahoo
Victoria's Secret & Co. (VSCO): Among Billionaire David Harding's Stock Picks with Huge Upside Potential
We recently published a list of . In this article, we are going to take a look at where Victoria's Secret & Co. (NYSE:VSCO) stands against other billionaire David Harding's stock picks with huge upside potential. David Harding is a British hedge fund manager and physicist by training, studied natural sciences at St. Catharine's College, University of Cambridge, with a focus on theoretical physics. His education in empirical science would go on to inform his pioneering approach to financial markets. Harding began his career in finance in the mid-1980s, working at Sabre Fund Management. At Sabre, he was instrumental in developing early systematic trading models that used statistical analysis to identify patterns in market behavior. This experience laid the foundation for his future endeavors in quantitative finance. In 1997, he established (now Winton Group), with the goal of applying scientific research and data-driven techniques to financial markets. Under Harding's leadership, Winton grew rapidly, at one point managing over $28 billion in assets. The firm became one of the most prominent names in the quantitative hedge fund space, known for its commitment to rigorous data analysis and skepticism toward discretionary trading. Winton's strategies typically involve global futures and equities, relying on vast historical datasets and algorithmic models rather than human intuition. In recent years, Harding's firm has experienced a resurgence. After a significant downturn, Winton rebounded with a 47% return in 2022, marking its best performance since the financial crisis. As of the end of last year, the firm's assets under management had risen to $12.3 billion, reflecting a strong recovery. Winton remains committed to its systematic, research-driven approach. The firm's ability to adapt to changing market conditions and its focus on long-term trends suggest potential for sustained performance in the future. At the LSEG Lipper Fund Awards 2024, Winton Capital Management was honored with the 'Best Fund over 3 Years' award in the Managed Futures category. This accolade recognizes the firm's outstanding risk-adjusted performance over a three-year period. The Awards are based on the Lipper Leader rating for Consistent Return, which evaluates funds using a risk-adjusted performance measure over multiple non-overlapping periods. This methodology ensures that the winners have provided superior consistency and risk-adjusted returns compared to similar funds. This recognition underscores Winton's commitment to delivering high-quality, systematic investment strategies that prioritize consistent performance for investors. For this list, we picked stocks from Winston Group's 13F portfolio as of the end of the fourth quarter of 2024. We listed them in the ascending order of analysts' average upside potential. These equities are also popular among other hedge funds. Note: All data was recorded on April 29, 2025. At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A middle aged woman in a boutique trying on intimate Potential: 33.36% Number of Hedge Fund Holders: 46 Victoria's Secret & Co. (NYSE:VSCO) is a global specialty retailer of women's intimate apparel and beauty products through its Victoria's Secret, PINK, and Adore Me brands. The company operates over 880 stores in the U.S., Canada, and China, alongside 500+ international franchise and licensed locations. It also sells through major digital platforms. In 2022, the company acquired Adore Me, a digital-first, size-inclusive lingerie brand. Victoria's Secret also holds a majority stake in a joint venture with Regina Miracle to run its China business. Victoria's Secret & Co. (NYSE:VSCO) is driving growth by modernizing its core brands—Victoria's Secret, PINK, and Beauty—focusing on inclusive design, customer engagement, and strategic collaborations. The refreshed Very Sexy collection and strong swimwear and sport lines showcase its expertise in fit and innovation. PINK is evolving to recapture Gen Z with lifestyle offerings and trend-driven products. Beauty, led by Bombshell, remains a standout. The company is strengthening its market positioning through digital strategy, distinct brand identities, and leadership realignment. Despite economic challenges, Victoria's Secret & Co.(NYSE:VSCO) is committed to long-term growth with a customer-centric, agile, and performance-focused operating model. Overall, VSCO ranks 9th on our list of billionaire David Harding's stock picks with huge upside potential. While we acknowledge the growth potential of VSCO, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than VSCO but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
