Barington Capital urged Victoria's Secret to replace its board with directors experienced in brand revitalization, criticizing CEO Hillary Super's leadership strategy.

Activist investor Barington Capital Group has built a stake in Victoria’s Secret and believes the lingerie retailer hasn’t lived up to its full potential.The investor’s arrival adds to the pressure that Victoria’s Secret is already facing from another big disgruntled shareholder and after a recent security incident caused the company to temporarily shut down its website.

Shares of Victoria's Secret are rising in premarket trading Monday following a report that activist investor Barington Capital Group has built a stake in the struggling lingerie company.