Victoria's Secret Faces Proxy Pressure After Sharp Stock Decline: Report

Activist investor Barington Capital Group joins a growing chorus of dissatisfied Victoria's Secret VSCO shareholders.What Happened: The firm now holds more than 1% of the lingerie retailer's stock and plans to increase its position.Its campaign follows a sharp stock decline—more than 50% year-to-date. Victoria's Secret's market value slashed to about $1.5 billion. That's a steep drop from the $6.5 billion valuation it commanded after its 2021 split from Bath & Body Works Inc. BBWI.Also Read: Victoria’s Secr ...