Wall Street Breakfast Victoria's Secret adopts poison pill
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May 20, 2025 Victoria's Secret implements a shareholder rights plan to protect against an aggressive buyer. Home Depot impresses with strong U.S. sales numbers, showcasing a resilient retail environment. Meanwhile, Disney strengthens ties with Formula 1, aiming to expand its audience beyond just racing fans. Market insights from J.P. Morgan highlight a positive outlook for the S&P 500, tempered by caution regarding potential risks.
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Victoria's Secret Poison Pill Strategy
- Victoria's Secret adopted a poison pill to prevent any party from gaining control without board approval or premium payment.
- The move responds to BBRC International’s aggressive stake acquisition but is not triggered by a specific takeover offer.
Levi's Sells Dockers Brand
- Levi Strauss sold Dockers to align with a direct-to-consumer and international growth strategy.
- Dockers, iconic in business casual, reflects a shift as casual workwear evolves.
Home Depot Sales and Pricing Outlook
- Home Depot beat U.S. comparable sales expectations despite a slight overall comps decline.
- The company will not raise prices to offset tariffs, indicating a focus on consumer affordability.