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There has been a lot of talk about L Brands selling Victoria's Secret as the fallout from Epstein engulfs CEO Les Wexner.

It would seem that the chatter was warranted as rumors have Sycamore Partners preparing to swoop in and buy the Lingerie giant.

According to sources close to the matter if the sale goes through it will mark the end of Wexners near 60 year run as CEO as Sycamore has stated the purchase is contingent on Wexner stepping aside.

With sales crashing and Wexner's deep ties to Epstein, it seems as if Wexner's time as CEO of Victoria's Secret is coming to a very abrupt end much sooner than he desired.


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Source:


https://www.cnbc.com/2020/02/09/l-brands-nears-sale-of-victorias-secret-to-sycamore.html