Victoria’s Secret Billionaire Leslie Wexner In Talks To Step Down And Sell Company

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L Brands stock soared more than 12% on the news Wednesday.

any knowledge of Epstein’s alleged criminal behavior and said that he severed ties with him more than ten years ago.Shares of Victoria’s Secret parent company L Brands fell 29% last year, compared to the S&P 500’s almost 30% positive return. The company has struggled in recent years, amid changing consumer tastes and a shifting retail landscape, especially in malls. Victoria’s Secret evenits marquee fashion show last year, as the company looked to cut back on costly marketing events.

. He ran the business for 57 years, and could reportedly continue in his role as chairman after stepping down as chief executive of L Brands. Wexner is

 

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