Victoria’s Secret Board Opposes BBRC's Proxy Battle
The board of Victoria’s Secret & Co. is resisting a proxy battle led by Brett Blundy through his firm BBRC International, which holds a 13% stake in the company and seeks to replace two directors. The board defends its leadership as crucial for executing CEO Hillary Super's 'Path to Potential' strategy, under which shareholders have seen a strong return of 164% since her appointment.
Tickers: $VSCO
Topics: board_of_directors shareholder_dispute strategic_planning