Victoria's Secret triumphs in proxy battle with BBRC, reaffirming shareholder confidence in its leadership and 'Path to Potential' strategy.
with Brett Blundy’s BBRC International, which owns 13 percent of the company and was looking to oust independent chair Donna James and her fellow board member Mariam Naficy.
But the retailer said, excluding votes cast by BBRC, more than 99 percent of the votes cast were in support of James, based on preliminary results from the company’s annual meeting on Thursday. All nine of the company’s directors were reappointed, while Blundy voted to show all of the company’s directors, outside of chief executive officer Hillary Super, to the door.
“Today’s outcome is a decisive statement of support for the current board leadership from VS&Co’s shareholders,” the company said. “It also recognizes the substantial progress, outperformance and value creation delivered under the Path to Potential strategy and reaffirms shareholder confidence in our Board’s continued oversight of that strategy. “With strong momentum across the business, including recent first-quarter 2026 results that significantly exceeded top- and bottom-line guidance, we are confident VS&Co is well positioned for long-term success,” the company said.
Super has been CEO of Victoria’s Secret and showed that her turnaround was gaining major traction in the first quarter. to $1.6 billion with a comparable sales gain of 13 percent. And net earnings totaled $48 million, reversing a loss of $2 million a year earlier. WWD and Women's Wear Daily are part of Penske Media Corporation. © 2026 Fairchild Publishing, LLC. All Rights Reserved.
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