Morning Update: Les Wexner Is Out At Victoria's Secret As The Company Is Sold To Sycamore Partners
In a move that has been speculated about for sometime, Les Wexner has sold Victoria's Secret to the Sycamore Partners.
The move comes at a time when the company and it's CEO is embroiled in controversy due to the close ties between Wexner and Epstein.
Wexner will step down as CEO as part of the deal and will no longer be involved in the vision of the company moving forward.
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Source:
https://www.cnbc.com/2020/02/20/sycamore-partners-to-acquire-control-of-victorias-secret.html