Where is Victoria’s Secret Founder Les Wexner Now? – With “Victoria’s Secret: Angels and Demons” on Hulu revealing the brand’s ugly side from every point possible, Les Wexner, the man responsible for its reputation, is given a lot of attention. Every facet is closely examined, whether it be his idealistic principles, his never-ending tenacity, his association with disgraced financier Jeffrey Epstein, or his seeming “egomaniacal” personality.
That’s because Les has always been more than just a businessman amassing a billion-dollar company. He is responsible for transforming the apparel industry into the fast fashion sector we are all familiar with today.
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Who is Les Wexner?
Born on September 8, 1937, Leslie Herbert Wexner is a multibillionaire American businessman who founded Bath & Body Works, Inc. and currently serves as its chairman emeritus (formerly Limited Brands). After founding The Limited, a clothing store with a small but lucrative variety of goods, Wexner built a corporate empire. He eventually increased his holdings to include Victoria’s Secret, Abercrombie & Fitch, Express, Inc., and Bath & Body Works.
In February 2020, Wexner made the announcement that he would step down as CEO of L Brands and take on the position of chairman emeritus instead. Wexner employed Jeffrey Epstein as his financial manager beginning in the 1980s and served in that capacity until 2007. According to Bloomberg, Wexner was Epstein’s a money management company’s “primary client.”
Bella (née Cabakoff 1908-2001) and Harry Louis Wexner (1899-1975) were the parents of Leslie Wexner when she was born in Dayton, Ohio, on September 8, 1937. Both of his parents were of Russian-Jewish ancestry. His father was a Russian citizen. His mother, a first-generation American, was born in Brooklyn’s Williamsburg district and relocated to Columbus, Ohio, when she was a little child.
Susan is his younger sister. Wexner’s parents sponsored his tuition so he could go to Bexley High School. Despite having previously stated a desire to study architecture, he graduated from Ohio State University in 1959 with a degree in business administration. He joined the Sigma Alpha Mu fraternity at Ohio State University. In the Air National Guard, Wexner served. He only spent a short time at the Moritz College of Law.
Les, a first-generation American of Russian-Jewish ancestry, had his first taste of business while working at his parents’ local apparel store, Leslie’s, which was named in his honour. However, after a dispute with his father about their inventory, the Ohio State graduate opened his own store called The Limited in 1963, which helped him achieve true success. In addition to growing operations within a year, he successfully floated Limited Brands in 1969, allowing him to create stores like Victoria’s Secret, Bath & Body Works, and La Senza, among many others.
Les supposedly managed at least 15 corporations, 19 foundations or trusts, and a number of assets during his height, but Jeffrey Epstein had full control over each and every one of them as his power of attorney. They had been friends since the 1980s and maintained that relationship up until about 2007. The former said he was unaware of his friend and financial manager’s horrific deeds until it was too late. Let’s learn more about Les’ current situation now that he has apparently moved on from the past, despite the fact that it was rather obvious they had been close for 20 years.
Mitt Romney’s super PAC, Restore Our Future, received a $250,000 donation from Wexner, who also sponsored a fundraiser for Romney in 2012. Wexner gave $500,000 to the Right to Rise USA Super-Pac in 2015, which helped Jeb Bush win the 2016 election.
On September 14, 2018, the Columbus Dispatch reported that Wexner had ended his connection with the Republican Party owing to changes in the party’s makeup. Immediately after former President Obama’s speech on the same Columbus Partnership panel, Wexner made his remark. Since 2018, he has been a political independent.
What Happened to Les Wexner and Where Is He Now?
Days after the financier’s arrest, Leslie “Les” Wexner wrote a memo to his staff in the summer of 2019 claiming that he “was NEVER aware of the criminal activities mentioned in the indictment.” He insisted, in reality, “I would never have anticipated that a person I employed more than ten years ago could have caused such sorrow to so many individuals.
I have contemplated, pondered, and searched my heart, regretting that my path has ever crossed his.” Even if the specifics of the latter charge are murky, as in the Hulu original, Les claimed he had severed all relations with Jeffrey over ten years earlier (after his initial arrest for sexual assault).
Les voluntarily resigned from his position as CEO of L Brands following the revelation of his relationship with Jeffrey and the backlash against Victoria’s Secret for not being diverse or realistic enough. Since then, he has said that his choice to become chairman emeritus in February 2020 had nothing to do with these issues and was simply made to start relaxing. Before focusing on his own, perhaps relative terms, Les created history by becoming the CEO of a Fortune 500 firm or conglomerate with the longest tenure (57 years).
The chairman emeritus of Bath & Body Works Inc. (previously L or Limited Brands) continues to live in New Albany, Ohio, with his wife and children, according to what we know about his whereabouts. Les was specifically mentioned in a lawsuit brought by shareholders in 2021 for his role in fostering an “entrenched culture of misogyny, bullying, and harassment” among his companies, but the dispute has since been resolved.
The rich businessman’s social position, generosity, and role as co-founder of The New Albany Company also guarantee that his way of life won’t change despite the fact that he has sold the majority of his stock in the parent company.