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Activist investor Barington Capital Group is pushing Victoria's Secret to alter its board and end a recently adopted "poison pill" plan, according to a letter to the lingerie maker's shareholders on Monday.
Victoria’s Secret & Co. is being targeted by another activist investor seeking a shake-up of its business. Barington Capital Group has built a stake of more than 1% in the lingerie retailer and is urging it to make changes to its board and strategy,
A scathing activist investor letter upends the annual investor meeting, a new CFO's agenda and the board's future.
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Barington Capital urged Victoria's Secret to replace its board with directors experienced in brand revitalization, criticizing CEO Hillary Super's leadership strategy.
A gas leak on Pandora Avenue has closed the block between Quadra and Vancouver streets, and evacuations are underway.
Victoria's Secret requires a reconstituted board comprising directors with "proven experience in brand revitalisation, operational execution, international expansion, and shareholder value creation," James Mitarotonda, Barington's founder and CEO, said in the letter.
Victoria's eight-year-old psychedelic music and arts festival, which locked out punters at the last minute this year, goes into voluntary administration owing millions to ticketholders, contractors and employees.