Pressure Mounts on Victoria’s Secret
Activist investor Barington Capital is intensifying its push for Victoria’s Secret to make significant changes to its board of directors. The focus is on dismantling the controversial ‘poison pill’ strategy, which is designed to thwart hostile takeover attempts. This move indicates a growing demand for transparency and accountability within the company’s leadership.
Barington Capital’s call for change comes amid increasing scrutiny of Victoria’s Secret’s business practices and governance. The company has faced various challenges in recent years, and this pressure could be a pivotal moment for the brand. Investors and analysts alike are watching closely to see how Victoria’s Secret will respond to these demands.
