{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-000224","form_type":"8-K","ticker":"VSCO","cik":"0001856437","company_name":"Victoria's Secret & Co.","filed_at":"2023-01-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.195172+00:00","generated_at":"2026-06-20T21:03:48.510746+00:00","sec_items":["2.01","5.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Victoria's Secret completes $400M Adore Me buy; Brand CEO resigns","bullets":["Acquired 100% of Adore Me for ~$400M cash on cash-free, debt-free basis; earnout of $80M-$300M possible.","Adore Me had ~$250M profitable sales in FY2022; deal expected to be earnings and cash flow accretive in 2023.","Brand CEO Amy Hauk resigns effective March 31, 2023; CEO Martin Waters assumes Brand CEO responsibilities.","Acquisition accelerates digital modernization and customer engagement for Victoria's Secret and PINK brands.","Adore Me to operate as a standalone growth vehicle, leveraging technology across the VS&Co portfolio."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-000224","json":"https://secwatch.observer/filing/0001193125-23-000224.json","markdown":"https://secwatch.observer/filing/0001193125-23-000224.md","text":"https://secwatch.observer/filing/0001193125-23-000224.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1856437/000119312523000224/0001193125-23-000224-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1856437/000119312523000224/d443250d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T21:03:48.510746+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c76182fdc4","claim":"Martin Waters changed role as Brand CEO at Victoria's Secret & Co..","evidence_excerpt":"Following Ms. Hauk’s departure, Martin Waters will continue to serve as CEO of the Company and will also assume the responsibilities of Brand CEO.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856437/000119312523000224/0001193125-23-000224-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"assume"},{"label":"Role","value":"Brand CEO"}],"fact_type":"executive_change"},{"claim_id":"e2c4517c49","claim":"Amy Hauk resigned as Brand CEO at Victoria's Secret & Co..","evidence_excerpt":"On December 27, 2022, Amy Hauk notified the Company of her decision to resign as Brand CEO, effective March 31, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856437/000119312523000224/0001193125-23-000224-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Brand CEO"}],"fact_type":"executive_change"},{"claim_id":"dfb2d8ddb67f31777e688e8a6faf82700687ba53","claim":"Victoria's Secret & Co. completed an acquisition involving Adore Me, Inc. for approximately $400.0 million in cash (closed 2022-12-30).","evidence_excerpt":"for the Adore Me equityholders. Pursuant to the Merger Agreement, the Company acquired all of the equity interests of Adore Me for an aggregate purchase price of approximately $400.0 million in cash, on a cash-free, debt-free basis, subject to customary post-closing adjustments contemplated by the Merger Agreement. The Merger Agreement also provides for post-closing","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856437/000119312523000224/0001193125-23-000224-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Adore Me, Inc."},{"label":"Consideration","value":"approximately $400.0 million in cash"},{"label":"Closing","value":"2022-12-30"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}