Reported about 18 hours ago
Barington Capital Group, an activist investor owning over 1% of Victoria's Secret, plans to push for changes to the company's board and the recent shareholder rights plan aimed at preventing hostile takeovers. Amid a decline in demand and a 55% drop in share value this year, Barington argues that the retailer needs to refocus on its core brands and improve leadership, particularly under CEO Hillary Super. The firm has a history of advocating for operational changes that enhance shareholder value.
Source: YAHOO