Australia news live: Pauline Hanson says she consults her ‘friend’ Gina Rinehart on policy; Australian billionaire fails to unseat Victoria’s Secret chair
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18.57 EDTVictoria’s Secret chair survives removal bid by Australian Brett BlundyJonathan BarrettThe Victoria’s Secret chair, Donna James, has been re-elected to the board of the lingerie company after surviving a push by a dissident shareholder, the Australian billionaire Brett Blundy, to have her removed.James received 83% of all votes cast, according to Reuters, at the US company’s annual meeting held overnight. Photograph: Molly Darlington/ReutersBlundy, who is the second-biggest shareholder at Victoria’s Secret, with a near 13% stake through his investment firm BBRC International, has been pushing for changes at the company since about 2021.He has previously sought a position on the board, and has built a stake that could be used as a platform to launch a hostile takeover.The…
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