Australian billionaire Brett Blundy wages high-stakes campaign to oust chair of Victoria’s Secret

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Australian billionaire Brett Blundy is leading a campaign to remove the chair of Victoria's Secret, leveraging his BBRC International firm’s 13% ownership in the US-listed lingerie brand. This intensifies the prospect of a hostile takeover during the company's annual meeting in the United States.

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 Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast 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, making it the second biggest single shareholder and giving it a potential platform to launch a hostile takeover. Continue reading...