Business
Victoria’s Secret & Co. Board Comments on BBRC’s Distracting Proxy Contest; Underscores Significant Outperformance and Board’s Commitment to Acting in the Best Interest of Shareholders
Since Board announced appointment of CEO Hillary Super, Company has delivered total shareholder returns of 164%, outperforming the S&P 500 Consumer Discretionary Distribution Retail Index by 124% and peers used by research analysts by 172% Brett Blundy’s campaign follows Board’s decision not to appoint him as a director Board conducted a comprehensive review of Mr. Blundy’s candidacy which identified significant reputational, legal, conflict of interest and governance risks REYNOLDSBURG, Ohio, M
About this update from Victorias Secret & Co.
[{"type":"image","alt":"Victoria’s Secret & Co","displaySize":"","headline":null,"caption":"Victoria’s Secret & Co","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":52,"url":"https://media.zenfs.com/en/globenewswire.com/d6301d5afac7f2cc3b5f55f338cbaeb3"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/21McFaPSMkG74JnOyDq4.Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTcz/https://media.zenfs.com/en/globenewswire.com/d6301d5afac7f2cc3b5f55f338cbaeb3","width":300,"height":52}},"lazy":false},{"type":"text","content":"Since Board announced appointment of CEO Hillary Super, Company has delivered total shareholder returns of 164%, outperforming the S&P 500 Consumer Discretionary Distribution Retail Index by 124% and peers used by research analysts by 172%","length":243,"tagName":"p"},{"type":"text","content":"Brett Blundy’s campaign follows Board’s decision not to appoint him as a director","length":81,"tagName":"p"},{"type":"text","content":"Board conducted a comprehensive review of Mr. Blundy’s candidacy which identified significant reputational, legal, conflict of interest and governance risks","length":156,"tagName":"p"},{"type":"text","content":"REYNOLDSBURG, Ohio, May 05, 2026 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Victoria’s Secret & Co. (the “Company”) (NYSE: VSCO) today shared the following update regarding BBRC International Pte Limited’s (“BBRC”) and its Chairman Brett Blundy’s decision to launch a proxy contest seeking to withhold votes against two directors at the Company’s upcoming 2026 Annual Meeting of Shareholders.","length":413,"tagName":"p"},{"type":"text","content":"The Company’s ongoing Path to Potential strategy is creating significant value for shareholders.","length":96,"tagName":"p"},{"type":"text","content":"The Board took decisive action to put the Company on a new growth trajectory, including with the appointment of Hillary Super as CEO in late 2024. Since announcing Ms. Super’s appointment, the Company has delivered total shareholder returns of 164%, outperforming the S&P 500 Consumer Discretionary Distribution & Retail Index by 124% and the peers used by research analysts by 172%.1","length":392,"tagName":"p"},{"type":"text","content":"While the Board is pleased with the strong progress in executing the Company’s strategy, its number one priority is to c...