In May 2026, BBRC International PTE Limited escalated its proxy fight with Victoria’s Secret & Co., urging shareholders to vote against Chair Donna James and executive pay proposals, while the company filed its own definitive proxy backing the incumbent board ahead of the June 11 annual meeting. This clash over governance and capital allocation comes as Victoria’s Secret points to a very large total shareholder return since appointing CEO Hillary Super in late 2024, highlighting a tension...