BBRC seeks board changes at Victoria's Secret after failed talks

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BBRC Releases Letter to Victoria’s Secret’s Board of Directors

November 4, 2025 8:15 AM UTC

NEW YORK--(BUSINESS WIRE)-- BBRC International PTE Limited (together with its affiliates, BBRC or we), which owns approximately 12.9% of the outstanding shares of Victorias Secret & Co. (NYSE: VSCO) (VS or the Company), today released the below letter to the Companys Board of Directors (the Board). The decision to publicly release the letter follows months of attempts by BBRC to engage in good faith with the Board regarding changes that are needed to improve the Boards composition and governance.

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Victorias Secret & Co.
Attention: Board of Directors
4 Limited Parkway
Reynoldsburg, Ohio... More