Victoria’s Secret Mulls Adding Billionaire Blundy to Board (1)

Victoria’s Secret & Co. is considering adding Australian billionaire Brett Blundy to its board and is vetting his candidacy as a director, the board said in a news release Tuesday.

Blundy is seeking a seat on the board while accusing Victoria’s Secret of failing to take action to improve shareholder value. His investment firm, BBRC International Pte, holds about 12.9% of Victoria’s Secret shares.

Blundy was also evaluated to join the board in late 2023 and early 2024, according to the statement. He suggested taking on the role of chair at a September meeting alongside other requests, the board ...