(Reuters) - Victoria's Secret adopted a shareholder rights plan on Tuesday, after Australian billionaire Brett Blundy's investment firm increased its stake in the lingerie maker. The 'poison pill ...

On May 20, Australian billionaire Brett Blundy’s investment vehicle, BBRC International Private Limited, increased its stake in the lingerie manufacturer, Victoria’s Secret & Co. (NYSE:VSCO ...

Victoria's Secret adopts a shareholder rights plan to guard against a potential takeover. ... Victoria's Secret adopts 'poison pill' strategy as Australian retailer buys up shares.

The reclusive billionaire is best known for launching or reviving small Australian retailers. That's why his activist campaign against an iconic US lingerie brand is surprising.

Victoria's Secret adopted a poison pill to prevent BBRC from gaining control without paying a premium, citing undervaluation and retail sector volatility. Levi Strauss is selling Dockers to ...