Company News, Financial News

Les Is Ex

Wexner to step down as CEO of L Brands.

Leslie H. Wexner, the long-time head of L Brands, is expected to step down as CEO this week. Wexner, 82, is the longest-serving CEO in the S&P 500, but he couldn’t outlast his long-time relationship with the disgraced financier Jeffrey Epstein. L Brands was ranked No. 8 in Happi's The Top 50.   In addition, observers say the company plans to go private in a sale to Sycamore Partners. According to sources, Sycamore will buy 55% of Victoria’s Secret, which was valued at $1.1 billion, a...

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