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Announced

Completed

Victoria’s Secret & Co completed the acquisition of Adore Me for $400m.

Synopsis

Victoria’s Secret & Co, a Fortune 500 specialty retailer of modern, fashion-inspired collections including signature bras, panties, lingerie, casual sleepwear, athleisure and swim, as well as award-winning prestige fragrances and body care, completed the acquisition of Adore Me, a digitally-native intimates brand, for $400m. "I’m absolutely delighted to be announcing this transaction, welcoming Adore Me into the VS&Co family. Adore Me is a technology-led, digital-first innovator in the intimates category that will help us bring differentiated experiences to Victoria’s Secret and PINK customers. This acquisition will be a significant accelerant as we pivot toward growth and modernize the foundation of our company with an entrepreneurial mindset that puts technology at the forefront of everything we do. In partnering with the incredible team at Adore Me, we will move to the future much faster," Martin Waters, Victoria’s Secret & Co CEO.

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