Blundy’s investment firm, BBRC International, owns about 13% of the US-listed lingerie brand, giving it a potential platform to launch a hostile takeover

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Australian billionaire Brett Blundy is waging a high-stakes campaign to oust the long-term chair of Victoria’s Secret & Co, setting the stage for a showdown at the company’s annual meeting in the US on Thursday.

Blundy’s investment firm, BBRC International, owns about 13% of the US-listed Victoria’s Secret lingerie brand, making it the second-biggest single shareholder and giving it a potential platform to launch a hostile takeover.

A year after government pledge to regulate sector, ECB criticises ‘lack of visible progress’ and ‘no clear plan’

The UK government has been accused of dragging its feet over plans for the mandatory regulation of bailiffs amid concerns about harmful practices in an industry that collects more than £1bn a year from indebted Britons.

A year on from an announcement by the Ministry of Justice that it would legislate to make independent regulation of bailiffs mandatory, the body that now oversees the industry, the Enforcement Conduct Board (ECB), criticised the lack of “visible progress”.