Description

Victoria’s Secret Boardroom Battle: Why A Billionaire Wants The Chair Out Now!

Victoria’s Secret, once an unchallenged leader in the lingerie market, is now at the center of a brewing boardroom battle. BBRC International, led by Australian billionaire Brett Blundy, has launched an aggressive campaign to replace the company’s current board chair, Donna James, and install Blundy himself on the board. BBRC, now the company’s largest active shareholder with a nearly 13% stake, has made public a letter to Victoria’s Secret’s board highlighting dissatisfaction with the company’s direction, branding current leadership as ineffective and outdated. Despite having built its stake over the past three years and previously pushing for changes behind closed doors, BBRC’s move to go public marks a new escalation. Victoria’s Secret’s share performance has been tepid since its 2021 spinout, and BBRC argues that transformational leadership is necessary. The retailer’s response has been cautiously defensive, indicating it’s conducting due diligence on Blundy’s candidacy while simultaneously flagging potential competitive conflicts.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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