Billionaire who was tied to Jeffrey Epstein said he would step down as chief executive and chairman of L Brands
Les Wexner, the billionaire retailer who made Victoria’s Secret one of the most famous brands on the planet, has sold control of the troubled lingerie company as it deals with declining sales and the fallout of a scandal involving Wexner’s ties to convicted sex offender Jeffrey Epstein.
Wexner, 82, announced on Thursday that he would step down as the chief executive and chairman of L Brands and the company would sell a majority stake of Victoria’s Secret to a private equity firm.
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