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Les Wexner

Columbus CEO

Les Wexner Will Step Down as the Chair of the Columbus Partnership

In a long-expected move, Les Wexner will relinquish his position as the chair of the Columbus Partnership in January, stepping aside to allow two other longtime corporate leaders to guide the powerful civic organization. Wexner announced the change during the Partnership’s October meeting. Succeeding him as co-chairs of the organization’s...
COLUMBUS, OH
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Daily Beast

Who Murdered the Lawyer of Victoria’s Secret Billionaire Les Wexner?

Arthur Shapiro was in trouble. The shy, secretive lawyer—a partner in the Columbus, Ohio firm of Schwartz, Shapiro, Kelm & Warren—was under investigation by the Internal Revenue Service for failing to file income tax returns for seven years and for possible investments in shady tax shelters. In March 1985, Shapiro was due to testify before a grand jury over his tax dodging—and whether anyone had helped him hide money. What he might reveal, no one knew, but he and his firm had several high-profile clients and a long history in Columbus.
COLUMBUS, OH
Crain's Cleveland Business

Ohio billionaire Les Wexner is selling $745 million worth of stock

Leslie Wexner is unloading about $745 million worth of shares in L Brands Inc., the retailer which includes Victoria's Secret and Bath & Body Works, bringing his stock sales in the apparel group he founded to $1.2 billion for 2021. The billionaire is selling stock in the Columbus-based retailer through...
OHIO STATE
Columbus Dispatch

L Brands founder Les Wexner to dump more than $2 billion worth of company shares

L Brands founder Les Wexner is dumping more than $2 billion worth of stock he controls in the retailer that he founded in 1963. L Brands, operator of Bath & Body Works and Victoria's Secret, said late Tuesday afternoon that Wexner and entities he and his wife, Abigail, control are selling about 30 million shares of stock.
COLUMBUS, OH
Marketwatch

Les Wexner Trusts Sold Large Blocks of L Brands Stock

Trusts controlled by longtime L Brands leader Les Wexner and his wife, Abigail, have sold large blocks of the retailer’s stock. On March 22, Les Wexner gave 2 million L Brands (ticker: LB) shares from his personal account to a trust he and his wife control. The same day, the trust sold all 2 million shares, while two other trusts controlled by the Wexners sold another 1,050,000 shares. Sales totaled $177.8 million, or $58.31 per share.
MARKETS
FOXBusiness

Les Wexner, L Brands founder, leaves board under cloud of Epstein link

L Brands, Inc. chairman emeritus and former chief executive Les Wexner is leaving the company's board of directors. L Brands announced on Thursday that Wexner, and his wife, Abigail, will not stand for reelection to the board at the annual shareholders meeting in May. The billionaire had stepped down as CEO of L Brands in early 2020.
JEFFREY EPSTEIN
New York Post

Les Wexner steps away from board of Victoria’s Secret owner L Brands

Les Wexner is finally cutting ties for good with his decades-old retail empire, which currently controls the Victoria’s Secret and Bath & Body Works chains. The 83-year-old billionaire retail icon — whose business ties to the late pedophile Jeffrey Epstein have long stirred controversy — said he and his wife Abigail will not stand for reelection to the board of L Brands at the company’s annual shareholder meeting in May.
BUSINESS
Marketwatch

L Brands board ushers in a new lineup as Les Wexner won't stand for re-election

L Brands Inc. LB, +0.63% said Thursday that Les and Abigail Wexner will not stand for re-election to the company's board at the annual shareholders meeting in May. Les Wexner, who also served as chief executive of the Victoria's Secret brand for decades, became embroiled in controversy due to his association with his former money manager, Jeffrey Epstein. Francis Hondal, president of loyalty and engagement at Mastercard Inc.
JEFFREY EPSTEIN
chainstoreage.com

Les Wexner stepping down from board of Victoria’s Secret parent company

A new day is about to dawn for L Brands. Legendary retailer Leslie H. Wexner is retiring from the board of L Brands, the parent company of Victoria’s Secret, Bath & Body Works and Pink. The company traces its origins back to 1963, when Wexner opened the first Limited store, which he grew into a retail powerhouse that included multiple store banners.
BUSINESS
Miami Herald

From one legend to the next: Greg Norman to sell Florida house to Les Wexner

Pro golfer Greg Norman is close to bidding adieu to his Jupiter Island compound Tranquility, thanks to Victoria’s Secret chief Les Wexner. Just days after listing his eight-acre waterfront estate for sale, Norman is entertaining a pending contract from Les Wexner, chairman emeritus of L Brands, owner of Victoria’s Secret. The contract was first reported by The Real Deal.
FLORIDA STATE