Victoria's Secret Sold for $525M Amid Months of Scandal as CEO of Parent Company L Brands Steps Down

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Retail tycoon Les Wexner has led L Brands since 1963

in an email that “the accusations in this reporting are categorically untrue, misconstrued or taken out of context,” adding, “I’ve been fortunate to work with countless, world-class models and gifted professionals and take great pride in the mutual respect we have for each other.

”: “We absolutely share a common goal with Model Alliance to ensure the safety and well-being of models. Our robust Photo Shoot Procedures, including training and oversight, were implemented in May 2019 and reflect elements of the RESPECT Program and beyond. We’re proud of the progress we’ve made and remain committed to continuous improvement. We’re always open to engage with those looking to make improvements in the industry.

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