Victoria’s Secret moves to block activist investor from amassing controlling stake - MarketWatch

1. Victoria’s Secret adopts poison pill to prevent activist investor takeover. 2. Brett Blundy's shareholdings are now around 13%, second largest. 3. Company stock tumbled 43.1% in 2025 amid retail sector dislocation. 4. Chair Donna James emphasizes protecting shareholders' long-term interests. 5. Management aims to unlock brand potential despite near-term challenges.