The CEO Of Victoria's Secret's Parent Company Is Stepping Down

Victoria's Secret CEO Leslie Wexner is stepping down and selling 55% of the company to Sycamore Partners for $525 million, while L Brands retains a 45% stake. The strategic move aims to revitalize the brand amid declining sales and competition from inclusive brands like Savage X Fenty. The company has faced criticism for lack of diversity and allegations of a toxic work culture. Wexner's ties to Jeffrey Epstein have also drawn scrutiny. Post-sale, Wexner will become chairman emeritus.

What percentage of Victoria's Secret is being sold to Sycamore Partners?

What was the reason for the decline in sales reported by the company?

What allegations were made against a top executive at Victoria's Secret?

How did Leslie Wexner respond to his relationship with Jeffrey Epstein?

What will happen to Leslie Wexner after the transaction with Sycamore is complete?