Victoria’s Secret faces securities fraud investigation after Q4 earnings miss and $117M asset impairment charge.

Pomerantz LLP is investigating Victoria’s Secret on behalf of investors over potential securities fraud following the company’s Q4 2025 earnings report. The report showed a 4.7% decline in net income and a $116.9 million impairment charge related to assets from its 2022 Adore Me acquisition. After these disclosures, Victoria’s Secret stock dropped over 22% in two days. The investigation will determine if the company or its executives engaged in unlawful business practices, which could impact investor confidence and lead to legal action.