Victoria's Secret up after Barington Capital seeks to scrap 'poison pill'

Victoria's Secret & Co.

16/06/2025 12:34

** Shares of lingerie maker Victoria's Secret VSCO.N up 3.3% at $18.79 premarket

** Activist investor Barington Capital Group, which owns more than 1% of co, in a letter says "disappointed" with co's recently adopted "poison pill plan

** Barington plans to change VSCO's board to end the plan, a person familiar with the situation told Reuters on Sunday

** Co had adopted a poison pill plan to fend off investment firm BBRC International, which had increased its stake in co to ~13%

** Victoria's Secret spokesperson said Barington has not contacted co, but it looks forward to "discussing their views with them"

** Up to Friday's close, stock had fallen 56% YTD

 (Reporting by Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com;))