According to a report from The Wall Street Journal, sources close to L Brands CEO Les Wexner say that the billionaire could soon step down from his role in the company.
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Wexner has served as CEO of the brand—which includes companies such as Bath & Body Works, Pink, and Victoria’s Secret—for 50 years. According to the WSJ’s sources, his transition out of the company might coincide with the sale of Victoria’s Secret.
614NOW is following this story as it develops, and will update this post with new information as it becomes available.