“The Board undertook a comprehensive review of a broad range of options to best position its brands for long-term success and drive shareholder value,” Allan Tessler, lead independent Board director of L Brands, said in his prepared remarks. Victoria’s Secret will become a private company, while L Brands’ remaining operation, Bath & Body Works, will become a standalone public firm.
Parent company L Brands sold 55 percent of the intimates giant to Sycamore Partners for $525 million.
Victoria secret owner series#
Epstein denied having done so.” However, sources in the series expressed their skepticism that Wexner actually took action to stop Epstein’s behavior.Victoria’s Secret has been sold - and Les Wexner is stepping aside. He confronted Epstein and was clear that it was a violation of Company policy for him to suggest that he was associated in any way with Victoria’s Secret and that Epstein was forbidden from ever doing so again. Wexner’s attorney issued the following statement, which is cited in the series: “The issue of Epstein claiming an association with Victoria’s Secret was raised on one occasion with Mr. Has Les Wexner responded to the series’s claims? The two were introduced by insurance executive Robert Meister in the mid-to-late 1980s, and the New York Times story noted that Wexner eventually “authorized to borrow money on his behalf, to sign his tax returns, to hire people, and to make acquisitions.” The documentary series also notes the business and financial influence that Epstein appeared to have on Wexner and Epstein’s working relationship with Ed Razek. How deep did Wexner and Epstein’s relationship go? Wexner’s security staff refused to let her leave for 12 hours,” according to the Times. This took place less than a year after Epstein sexually assaulted Maria Farmer, who was working on a project for him in Wexner’s Ohio home she testified that she “fled the room and called the police, but that Mr. In 1997, then 27-year-old model Alicia Arden was invited to a hotel room by Epstein, supposedly to discuss appearing in the Victoria’s Secret catalog instead, as she recalls in Angels and Demons, Epstein grabbed and tried to undress her. (Wexner stepped down from the company in 2020.) During that time, Epstein tried to pose as a recruiter for the brand in order to have access to young models. In a 2019 New York Times exposé titled “How Jeffrey Epstein Used the Billionaire Behind Victoria’s Secret for Wealth and Women,” a team of journalists found that in the 1990s Epstein served as an adviser to Les Wexner, Victoria’s Secret chief executive.
What was Jeffrey Epstein’s association with Victoria’s Secret?
Unfortunately, as the new documentary series Victoria’s Secret: Angels and Demons explores, Razek’s comments-and the accusations of misconduct and harassment made against him-weren’t the only checkered part of the brand’s past: Financier and sexual predator Jeffrey Epstein also played a role. In 2018, though, comments widely seen as trans-phobic and fat-phobic from chief marketing officer Ed Razek cast a pall on the brand’s power to influence Razek soon stepped down, but questions had already been raised about who, exactly, was behind the curtain at Victoria’s Secret. lingerie, the store that defined sexy for a generation of young women and constantly assured its customers that perfection was just one push-up bra away. For decades, Victoria’s Secret was the final word in U.S.
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