Victoria's Secret Initiates Strategic Review Of Non-Core Asset DailyLook

Victoria's Secret & Company -2.27%

Victoria's Secret & Company

VSCO

50.37

-2.27%

Strategic Alternatives for DailyLook

The Company has initiated a strategic review of DailyLook, a non-core asset within VS&Co. Acquired through the Adore Me transaction in December 2022, DailyLook has grown rapidly and achieved meaningful scale. As part of VS&Co's continued focus on its core business, the Company is evaluating opportunities to position DailyLook for long-term success. This strategic review reflects VS&Co's commitment to advancing the global growth of its two iconic brands, Victoria's Secret and PINK, through the execution of its Path to Potential strategy. Additionally, the Company continues to assess the Adore Me business and explore opportunities to optimize it within the broader portfolio.

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