Victoria’s Secret Unveils Allegations Against Activist Investor, Loses Board Director

Victoria’s Secret unveils allegations against activist investor, loses board director

Activist investor BBRC is taking "the hard way" to force governance change at the intimates company less than a month before its shareholder meeting.

Victoria’s Secret blocks billionaire investor Brett Blundy from board seat

Victoria’s Secret has revealed why it blocked Australian billionaire Brett Blundy from joining its board, citing reputational, legal and conflict of interest concerns. The lingerie retailer said it evaluated Blundy’s request to become a director, but concluded there was “potential for significant reputational and legal risk” as well as “conflict of interest and competition concerns”, according to a new regulatory filing. Blundy and his investmen…