Core Viewpoint - Brett Blundy, a billionaire investor, is interested in joining the board of Victoria's Secret & Co. but faces obstacles due to the board's concerns about conflicts of interest and competitive issues [1][2]. Group 1: Blundy's Involvement and Intentions - Blundy's BBRC International owns 12.9% of Victoria's Secret and he has been attempting to influence the company since his initial investment in 2022 [1][2]. - He has communicated with the board through calls, meetings, and emails, expressing his views on the company's direction and seeking to address long-term issues [3]. - Blundy aims to join the board and replace chair Donna James, citing concerns over the board's oversight and management capabilities [4]. Group 2: Board's Response and Performance - The board claims to have engaged extensively with BBRC and highlights an 89% increase in stock price since the appointment of CEO Hillary Super [7]. - The board previously considered Blundy for a director position in late 2023 and early 2024 [7]. - In response to Blundy's demands, the board initiated a renewed evaluation of his candidacy, citing the need for additional due diligence due to potential conflicts of interest and past conduct issues [9]. Group 3: Ongoing Evaluation and Future Actions - The board's evaluation of Blundy's candidacy is ongoing, and they have not yet made a decision regarding his appointment [10]. - Blundy has indicated that if the board does not change its approach, he plans to attempt to replace directors at the next annual meeting [6].