NYSE:VSCOSpecialty Retail
Victoria's Secret (VSCO) Proxy Clash: What Does Rejecting Brett Blundy Signal About Board Strategy?
In early May 2026, Victoria’s Secret & Co. disclosed that activist investor BBRC International launched a proxy contest urging shareholders to withhold votes from two board nominees and oppose executive pay, while the company’s board defended its record, rejected BBRC Chairman Brett Blundy as a director candidate over multiple risk concerns, and confirmed its short-term rights plan will lapse on May 18, 2026.
The board highlighted a very large total shareholder return since appointing CEO...