Victoria's Secret Acquires Minority Interest In Beachwear Brand Frankies Bikinis

Victoria's Secret & Co VSCO has acquired a minority interest in the beachwear and lifestyle brand Frankies Bikinis LLC.
The company has invested $18 million for minority interest and does not anticipate this investment to have a material impact on its previously communicated Q1 2022 outlook.
Frankies Bikinis was founded in 2012 by Francesca Aiello and her mother, Mimi Aiello.
Price Action: VSCO shares traded higher by 0.47% at $51.73 on the last check Friday.