Although stores are open, the company has also halted some in-store services as it works to fully restore operations.

Victoria's Secret adopted a shareholder rights plan on Tuesday, after Australian billionaire Brett Blundy's investment firm ...

Get insights on Victoria's Secret & Co. Q1 results, BBRC's takeover attempt, and the board's defense strategy under a new CEO ...

For investors, the action signals a defensive posture by VSCO's leadership to maintain strategic control and protect ...

The maneuver is in response to the “substantial accumulation” of shares by investment firm BBRC International, which just ...

Victoria’s Secret has taken its website offline and suspended certain in-store services after a significant cybersecurity ...

Poison pills rarely get triggered. The simple fact of their existence can leave a bitter taste. By protecting entrenched management and boards from takeovers, they dull some of the pressure to perform ...

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 ...

Investing.com -- Shares of Victoria’s Secret & Co. (NYSE:VSCO) closed up 3.3% with an additional 0.5% gain after hours following the company’s announcement of adopting a "poison pill" strategy.

Victoria's Secret said it has adopted a shareholder-rights plan, better known as a poison pill, to fend off a potential hostile bid as activist investor BBRC International maneuvers to buy up shares.