Victoria’s Secret Sticks Up for CEO Who Investor Says Is Failing

Victoria’s Secret & Co. spared no expense to lure Chief Executive Hillary Super away from Rihanna: It paid nearly $760,000 for her relocation costs, including real estate agent fees and six months of temporary housing, and more than $11,000 for personal security.

Nine months into that big bet, investors including Australian billionaire Brett Blundy aren’t impressed.

Blundy’s BBRC International PTE Limited has decried “continued mismanagement” and “disastrous board-level decisions.” Another shareholder alleges that Super lacks focus and experience, and doesn’t have the trust of her staff.

It’s all piling pressure on Super, who has faced challenge after challenge since leaving ...