In a surprising development, sources reveal that a senior advisor to billionaire investor Brett Blundy reportedly infiltrated Victoria’s Secret by visiting multiple stores and attempting to extract trade secrets. This move intensifies the company’s ongoing proxy battle with Blundy, who is preparing to launch a new brand in 2025. The revelation comes as the retailer files proxy materials with the SEC, detailing interactions that suggest insider access.

Analysts note the incident underscores growing tensions between private equity players and public retailers. While no concrete financial figures have been disclosed yet, the breach highlights vulnerabilities in supply chains and the high stakes involved in corporate espionage. This situation could reshape negotiations and market perceptions as both sides prepare for a potential shift in power dynamics.