Les Wexner

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.

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.

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.

L Brands founder Les Wexner and his wife Abigail Wexner will not stand for reelection to the company's board at its annual shareholders meeting in May, the company said in an emailed press release Thursday. Wexner a year ago stepped down as CEO but remained on the board in an...

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.

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.

Tranquility, Greg Norman’s Jupiter Island retreat, was too appealing to stall out on the open market. Likely helped along by the tide of new and well-heeled Florida transplants—multiple news reports noted the downhill current of Wall Street cashola as of late, and California has been cited as donating influential names to the Sunshine State as well—the 8.31-acre double-waterfront estate moved into contingent status a few days ago. The buyer is the family of billionaire Les Wexner, according to The Real Deal.

VICTORIA’S Secret mogul Les Wexner let Jeffrey Epstein abuse girls at his Ohio mega-mansion, court documents allege. The 83-year-old tycoon has faced increasing scrutiny over his friendship with pedophile Epstein, who hanged himself in prison while facing child sex trafficking charges. A complaint filed this week alleges that Wexner and...