About
- Name: LES WEXNER
- English name: LES WEXNER
- Native name: ---
- Alias: ---
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Description: Les wexner founded l brands, a global retail empire that included victoria's secret and bath & body works, and served as ceo for more than 5 decades. wexner announced in february 2020 that he would step down and sell a majority stake in victoria's secret for $525 million to a private equity firm. in late april, sycamore partners said it wanted to back out of the deal. l brands initially sued but agreed to terminate the deal in may. his ex-confidant and financial manager jeffrey epstein was accused of sex trafficking; in mid 2019 wexner said the late epstein took funds from him. wexner got his start in 1963, when he used a $5,000 loan from his aunt to open the limited, which sold only fast-moving items like shirts and pants. he bought victoria's secret for $1 million in 1982, when it was just a small, failing chain of lingerie shops in san francisco.
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