02/20/2020

L Brands Confirms Les Wexner to Step Down as CEO

It will occur after the closing of Victoria's Secret sale

L Brands has confirmed Les Wexner will step down as chairman and chief executive officer of the company after the closing of the sale of Victoria's Secret.

The company said a 55 percent interest of Victoria’s Secret will be sold to Sycamore Partners, which is a private equity firm.

L Brands will control 45 percent of Victoria's Secret.

Please select this link to read the complete article from WBNS-10TV.