Brett Blundy Seeks to Remove Victoria's Secret Chair
Blundy’s investment firm, BBRC International, owns about 13% of the US-listed lingerie brand, giving it a potential platform to launch a hostile takeover Australian billionaire Brett Blundy is waging a high-stakes campaign to oust the long-term chair of Victoria’s Secret & Co, setting the stage for a showdown at the company’s annual meeting in the US on Thursday. Blundy’s investment firm, BBRC International, owns about 13% of the US-listed Victoria’s Secret lingerie brand, ma
Australian billionaire Brett Blundy is actively campaigning to unseat the current chairman of Victoria's Secret & Co. His investment firm, BBRC International, holds a significant 13% stake in the US-based lingerie company, positioning it as the second-largest shareholder. This substantial ownership provides Blundy's firm with the leverage to potentially initiate a hostile takeover. The conflict is expected to culminate at the company's upcoming annual meeting in the United States.
This campaign highlights a significant shareholder dispute that could lead to a change in leadership and strategic direction for the well-known lingerie brand.
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