Les Wexner, the man who made his billions off of Victoria’s Secret, is selling 745 million dollars worth of shares in parent company L Brands Inc. This brings his stock sales from L Brands to 1.2 billion dollars for the year so far. The stocks are being sold off through a secondary offering managed by JPMorgan Chase & Co. as reported by...
16 Jul 2021
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...
13 Mar 2020
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...
9 Aug 2019
