Victoria Secret shares rise to the investor of reports of reports, looking for a renovation of the management board

Victoria’s Secret shares (Vsco) are growing on Monday at Premartet Trading after a report that the activist investor Barington Capital Group built a participation in a fighting lingerie company.

Citing people familiar with this matter, The Wall Street Journal Late Sunday informed that Barington is planning to increase its share, currently by over 1%. The company plans to push Victoria’s Secret “consider replacing the majority, if not all, management with new independent directors” and make an intimate clothing company restore focusing on the basic branch of bras to increase its shares.

Retail shares gain almost 3% in the Premarket trade, but he came on Monday, he lost 56% of his value this year. Last week the company he left his all -year perspectives when he published the results of the first quarter, which were delayed after Cyberratack He disturbed the company’s operations at the end of May.

Barington did not answer immediately Investopedia A request for comment.