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

Australian billionaire Brett Blundy is leading a significant campaign to remove the long-standing chair of Victoria's Secret & Co. This effort is set to culminate in a confrontation at the company's annual meeting scheduled for Thursday in the United States. Blundy's investment firm, BBRC International, holds approximately 13% of the shares in the US-listed lingerie brand. This substantial stake positions BBRC International as the second-largest individual shareholder, providing a potential avenue for a hostile takeover bid. The company's annual meeting is a critical juncture where shareholder votes can influence corporate leadership and strategic direction.