deepclips.com® We dig deep so you don't have to!™

  • Victoria's Secret to be sold for $525 million, CEO Les Wexner will step down

    Victoria's Secret to be sold for $525 million, CEO Les Wexner will step down

    Following a dip in sales and criticism about its billionaire founder, Victoria's Secret will be sold and have its founder step down as it seeks to move forward and find profit.

    H/T: Fox News

    "We believe the separation of Victoria’s Secret Lingerie, Victoria’s Secret Beauty and PINK into a privately held company provides the best path to restoring these businesses to their historic levels of profitability and growth," CEO Les Wexner said in the statement.

    Wexner is facing increasing scrutiny over his ties to the late financier Jeffrey Epstein, who was indicted on sex-trafficking charges, and for the he internal culture under his leadership at Victoria's Secret.

Search

Latest Clips

More Swamp

© 2019 DeepClips.com ALL RIGHTS RESERVED — Contact