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Victoria’s Secret Knocked Offline by Security Incident, Shares Tumble

The retailer invoked a shareholder rights plan to guard against BBRC International’s bid following the site’s Memorial Day security incident.

FILE: Shoppers are seen at a Victoria’s Secret store.
Victoria's Secret apparel is displayed for sale at a Victoria's Secret department store on June 01, 2023 in Austin, Texas.
LAS VEGAS, NEVADA- MARCH 14: The Victoria's Secret logo is displayed at one of their stores on March 14, 2025 in Las Vegas, Nevada. (Photo by Kevin Carter/Getty Images)
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Overview

  • The outage began Monday, May 26, and remains unresolved as of May 28, shutting down the website, app and some in-store services.
  • A pop-up notice cited a “security incident,” but Victoria’s Secret has not disclosed whether customer data was breached.
  • The shutdown halted digital sales that generated roughly $2 billion last year and triggered a 6.8 percent share decline on Wednesday.
  • The board adopted a poison-pill shareholder rights plan after BBRC International accumulated about a 13 percent stake in the company.
  • Frustrated shoppers have taken to social media to demand updates and speculate about a possible hacking or ransomware attack.