Les Wexner news and archive

L Brands names Les Wexner's replacement

L Brands has said that board member Sarah Nash will be replacing Les Wexner as the chair of the board. The move will happen once L Brands closes on its deal to sell a majority of its stake in Victoria's Secret to Sycamore Partners. At which point, Wexner will step down as CEO of Victoria's Secret and assume a chair emeritus position. In addition...

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L Brands CEO accuses Jeffrey Epstein of misappropriating ‘vast sums of money’ from him

Leslie Wexner, the CEO and founder of L Brands, the owner of Victoria’s Secret, has accused Jeffrey Epstein of having “misappropriated” at least 46 million dollars from him while serving as his financial advisor. The claims against the accused child abuser and financier were detailed in a letter written by Wexner and addressed to the Wexner...