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Brett Blundy’s Battle: BBRC Kicks Off Victoria’s Secret Proxy Challenge
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Brett Blundy’s Battle: BBRC Kicks Off Victoria’s Secret Proxy Challenge

WWD·Evan Clark·28 days ago
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Brett Blundy — the Australian retail entrepreneur and billionaire who’s been pushing for change at Victoria’s Secret & Co. for years — is taking his case directly to shareholders.  Blundy’s BBRC International launched a proxy battle on Monday seeking to unseat two Victoria’s Secret board members at the company’s annual meeting in June. BBRC, which tried to buy the brand before it was spun off as an independent company in 2021, is the lingerie giant’s second-largest shareholder with a 13 percent stake.  An open letter to shareholders that accompanied the official regulatory filing kicking off the proxy fight revealed Blundy as supportive of chief executive officer Hillary Super but much less so of chair Donna James and her fellow board member Mariam Naficy.  You May Also Like “Ms. Super is building a new VS,” Blundy said in his letter. “She deserves a board that matches her ambition. Voting against Ms. James’ and Ms.…

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