Australian billionaire Brett Blundy wages high-stakes campaign to oust chair of Victoria’s Secret
Australian billionaire Brett Blundy is leading a campaign to remove the chair of Victoria's Secret, Donna James, from the company's board. Blundy, whose firm owns 13% of the lingerie brand, has been pushing for strategic changes and board representation since 2021.
Why it matters
This highlights a significant corporate governance battle at a major global retail brand, potentially signaling a shift in leadership or a hostile takeover attempt.
Brett Blundy’s investment firm, BBRC International, owns about 13% of Victoria’s Secret lingerie brand, well-known for its recently reinstated annual fashion show, pictured. Photograph: Dimitrios Kambouris/Getty Images for Victoria s Secret View image in fullscreen Brett Blundy’s investment firm, BBRC International, owns about 13% of Victoria’s Secret lingerie brand, well-known for its recently reinstated annual fashion show, pictured. Photograph: Dimitrios Kambouris/Getty Images for Victoria s Secret Business Australian billionaire Brett Blundy wages high-stakes campaign to oust chair of Victoria’s Secret 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
The article reports on corporate maneuvers and shareholder activism in a factual, objective manner without taking sides.
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