Blundy Challenges Victoria's Secret Board

Australian billionaire Brett Blundy is launching a high-stakes battle to oust Victoria’s Secret’s chair, Donna James, accusing her and the board of mismanaging the company and neglecting shareholder interests—just as the company’s stock surges thanks to a luxury pivot and comeback fashion show. Blundy, who runs Lovisa and Léays, claims the board’s lack of commitment has hurt value, but Victoria’s Secret counters with a “poison pill” defense and backing from three major proxy firms, citing reputational risks tied to Blundy’s other brands and arguing the current team is best positioned to drive future growth. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b9105ec24a65c6cf