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Tag: wexner

Les Wexner sells control of Victoria’s Secret amid declining sales | Business

Les Wexner, the billionaire retailer who made Victoria Secret one of the most famous brands on the planet, has sold control of the troubled lingerie company as it deals with declining sales and the fallout of a scandal involving Wexner’s ties to convicted sex offender Jeffrey Epstein. Wexler, 82, announced on Thursday that he would …

Les Wexner sells control of Victoria’s Secret amid declining sales | BusinessRead More

Legendary retailer Les Wexner reportedly in talks to step aside

The founder and chief executive of L Brands — the longest-serving CEO of an S&P 500 company — may be stepping down from his post — and selling Victoria’s Secret. Lex Wexner, a pioneer of mall-based specialty store retailing, is in discussions to step down as CEO of L Brands, parent company of Victoria’s Secret …

Legendary retailer Les Wexner reportedly in talks to step asideRead More

Legendary retailer Les Wexner reportedly in talks to step aside

The founder and chief executive of L Brands — the longest-serving CEO of an S&P 500 company — may be stepping down from his post — and selling Victoria’s Secret. Lex Wexner, a pioneer of mall-based specialty store retailing, is in discussions to step down as CEO of L Brands, parent company of Victoria’s Secret …

Legendary retailer Les Wexner reportedly in talks to step asideRead More