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Benzinga
Benzinga
Business
Shivani Kumaresan

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

Frankies Bikinis VSCO
  • Victoria's Secret & Co (NYSE: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.
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