Victoria’s Secret belongs behind closed doors
Summary by breakingviews.com
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Victoria’s Secret belongs behind closed doors
The lingerie retailer adopted a poison pill after an Aussie billionaire amassed a 13% stake. Since being spun off in 2021, its market value has halved to $1.7 bln. Instead of trying to recharge growth, boss Hillary Super would be wiser to seek a buyer keen to remodel in private.
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