#Latest news with #BBRCInternationalBloomberg2 days agoBusinessBloombergVictoria's Secret Investor Slams ‘Disastrous' Board DecisionsOne of Victoria's Secret & Co. 's biggest investors called for a board overhaul after accusing the company of 'continued mismanagement' and 'disastrous board-level decisions.' BBRC International PTE Limited, which says it owns about 12.9% of Victoria's Secret shares, sent a letter dated June 9 to the lingerie chain calling out 'dismal total stockholder returns' and a 'lack of accountability.' It said that 'poorly timed share buybacks' and the acquisition of the Adore Me brand have 'failed to generate meaningful returns.'
Bloomberg2 days agoBusinessBloombergVictoria's Secret Investor Slams ‘Disastrous' Board DecisionsOne of Victoria's Secret & Co. 's biggest investors called for a board overhaul after accusing the company of 'continued mismanagement' and 'disastrous board-level decisions.' BBRC International PTE Limited, which says it owns about 12.9% of Victoria's Secret shares, sent a letter dated June 9 to the lingerie chain calling out 'dismal total stockholder returns' and a 'lack of accountability.' It said that 'poorly timed share buybacks' and the acquisition of the Adore Me brand have 'failed to generate meaningful returns.'
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