L Brands’ Shares Slide as its CEO’s Ties to Epstein Scrutinized

Victoria’s Secret, already burdened by weak sales and calls to evolve in the #MeToo era, is facing another controversy: its leader Les Wexner’s name appearing in reports about disgraced financier Jeffrey Epstein. Wexner, chairman and CEO of the alluring lingerie chain’s parent L Brands, employed Epstein as a money manager for years, building a relationship close […]

A Less Than Merry Christmas for Victoria’s Secret Means More Store Closings Ahead

Things have gotten so bad at Victoria’s Secret that its parent company is tightening the purse strings, including shuttering dozens of underperforming locations. L Brands Inc., owner of the lingerie chain, announced Wednesday plans to close about 53 Victoria’s Secrets in North America this year, more than three times the 15 it’s historically closed down […]