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Les Wexner

Les Wexner Steps Down After Termination of Sale of Victoria’s Secret

Susan Post Susan Post Les Wexner Steps Down After Termination of Sale of Victoria’s Secret

Les Wexner has stepped down as CEO and Chairman of the Board of L Brands. L Brands had originally announced Wexner would leave his leadership role following the close of the sale of Victoria’s Secret to a private equity firm, but earlier this month the deal was terminated. The transaction was initially announced in late February […]

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Victoria’s Secret Sale in Trouble

Susan Post Susan Post Victoria’s Secret Sale in Trouble

After announcing a plan in February to purchase a 55% stake in L Brand’s Victoria’s Secret, private equity firm Sycamore Partners is looking to terminate the deal. The firm filed a lawsuit in the Court of Chancery of the State of Delaware today, Wednesday, April 22. According to Reuters, the investment firm wants to pull […]

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L Brands Announces Major Changes, Wexner Stepping Down

Susan Post Susan Post L Brands Announces Major Changes, Wexner Stepping Down

After weeks of rumors that Columbus-based L Brands would sell Victoria’s Secret and Leslie Wexner resign as Chairman and CEO, the company has officially announced its plan of action. L Brands will separate its two remaining brands. Bath & Body Works will become a standalone public company, while Victoria’s Secret – comprised of Victoria’s Secret […]

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