US EditionInvestor Demands Victoria's Secret Overhaul Its Board
Summary by The Express Tribune
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Investor demands Victoria's Secret overhaul its board
Activist investor Barington Capital Group is pushing Victoria's Secret to alter its board and end a recently adopted "poison pill" plan, according to a letter to the lingerie maker's shareholders on Monday. The New York-based hedge fund, which owns more than 1 per cent of the company, said Victoria's Secret has underperformed its competitors and lost over $2.4 billion in shareholder value since its spin-off in 2021 from former parent company L B…
·Pakistan
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Victoria's Secret is under increasing pressure to increase sales in the face of new competition from companies like Skimsx
·Bogotá, Colombia
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