Activist Investor Barington Jumps In to Pressure Victoria’s Secret
From Yahoo Finance: 2025-06-16 11:46:00
Victoria’s Secret faces criticism from investor James Mitarontonda, who calls for change due to a 57.2% stock decline since the company’s spinoff. Complaints include revenue declines, management turnover, and Super’s lack of experience. The company shifted focus to a more inclusive brand identity, but Mitarontonda suggests reestablishing core business priorities and iconic marketing campaigns. Victoria’s Secret’s market cap is under $1.5 billion, despite $6.2 billion in annual revenue. Barington’s push for change led to a 2.4% stock increase. Mitarontonda estimates the value of the beauty business at $17 to $20 per share.
Read more at Yahoo Finance: Activist Investor Barington Jumps In to Pressure Victoria’s Secret