(CercleFinance.com) – Victoria’s Secret, a women’s lingerie and cosmetics brand resulting from the recent spin-off of L Brands, announces it has entered into an accelerated share buyback (ASR) agreement with Goldman Sachs for an amount of $ 250 million .
Under the deal, the company will make an upfront payment of $ 250 million to Goldman Sachs and receive an initial delivery of approximately 4.1 million shares on December 31, 2021. ASR final settlement is expected to be completed. during the first quarter of 2022.
Victoria’s Secret reaffirms the guidance for the fourth quarter provided on November 17, including revenue stable or up 3% year-on-year, operating profit between $ 295 million and $ 335 million, and EPS between 2 , 35 and 2.65 dollars.
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