Victoria’s Secret cites ‘momentum’ as investor calls for major changes

Struggling Victoria’s Secret says it is conducting a “thorough review” following investor BBRC International CEO Brett Blundy’s request for the board to replace Chair Donna James and appoint him as a director. BBRC, an Australian private investment company, owns a nearly 13% stake in the Ohio-based company. The Wall Street Journal reports that BBRC first invested in Victoria’s Secret in 2022, the year after it went public after splitting from parent company L Brands, now Bath & Body Works. Victoria’s Secret says it has made significant momentum under new CEO Hillary Super, with total shareholder returns of 89% since her appointment a little more than a year ago.