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BBRC International Pushes for Leadership Change at Victoria’s Secret (VSCO)

Key Summary: On June 9, 2025, BBRC International (12.9%) urged Victoria’s Secret to address value destruction, citing a 64.1% shareholder return decline, over $1B lost on buybacks and Adore Me, board independence concerns, lack of accountability, and excessive Chair tenure. It called for immediate governance changes and a refreshed Board.
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