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

Victoria’s Secret ( VSCO) will report Q1 results before the market open on June 11, expected to show an adjusted profit of $0.28 per share on $1.41B in revenue, an increase of 133% and 3.6%, respectively, from the same quarter last year.

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.