Victoria’s Secret Pressured by Second Investor Urging Change

Victoria’s Secret & Co. is being targeted by another activist investor seeking a shake-up of its business.

Barington Capital Group has built a stake of more than 1% in the lingerie retailer and is urging it to make changes to its board and strategy, according to a letter from the investor that was made public on Monday. Specifically, Barington is calling on the company to refocus on key categories, such as bras, while accelerating online and international growth and streamlining its operations.