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Activist Investor Demands Overhaul at Victoria's Secret

6/16/2025

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Summary

Story summary

Activist investor Barington Capital Group is calling for a major overhaul at Victoria's Secret, urging the company to revamp its board and scrap its shareholder rights plan. CEO James Mitarotonda slammed the current leadership for a staggering $2.4 billion loss in shareholder value since the 2021 split from L Brands, advocating for seasoned independent directors to steer the brand toward renewed growth and strategic clarity.

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Story summary

Activist investor Barington Capital Group is calling for a major overhaul at Victoria's Secret, urging the company to revamp its board and scrap its shareholder rights plan. CEO James Mitarotonda slammed the current leadership for a staggering $2.4 billion loss in shareholder value since the 2021 split from L Brands, advocating for seasoned independent directors to steer the brand toward renewed growth and strategic clarity.