Anonymous ID: d1412d Feb. 20, 2020, 8:53 a.m. No.8195203   🗄️.is 🔗kun   >>5351 >>5404

Leslie H. Wexner is expected to step down as the chief executive of L Brands, the retail empire he built with his purchase of Victoria’s Secret in 1982, and the lingerie brand plans to go private in a sale to Sycamore Partners that could be announced as early as Thursday, according to three people with knowledge of the deal.

 

Sycamore will buy 55 percent of Victoria’s Secret, which was valued at $1.1 billion…Mr. Wexner will remain on the L Brands board and retain stakes in both Victoria’s Secret and Bath & Body Works, the person said. Bath & Body Works will remain public.

 

https://www.nytimes.com/2020/02/19/business/victorias-secret-leslie-wexner-l-brands.html

 

>>Still on the board of L Brands

>>Still retain stakes in both Victoria’s Secret and Bath & Body Works.

Sock puppet CEO incoming.