Australian billionaire Brett Blundy wages high-stakes campaign to oust chair of Victoria’s Secret
by Luca Ittimani and Jonathan Barrett from World news | The Guardian on (#767T3)
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
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...