WEATHER ALERT
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Victoria’s Secret to be spun off a year after sale collapsed
Read full article: Victoria’s Secret to be spun off a year after sale collapsedA year after an agreement to sell Victoria’s Secret fell apart as the pandemic emptied malls nationwide, the chain will be spun off by its owner to become a separate company.
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Les Wexner exits board, severs last ties to retail empire
Read full article: Les Wexner exits board, severs last ties to retail empireFILE - This Sept. 19, 2014 file photo shows retail mogul Leslie Wexner, at the Wexner Center for the Arts in Columbus, Ohio. Wexner is severing his last ties with the retail empire that he founded in 1963. L Brands, which operates Victorias Secret and Bath & Body Works, said the 83 year-old billionaire, along with his wife Abigail, won't stand for reelection to the board of directors. (AP Photo/Jay LaPrete, File)NEW YORK – Billionaire retail icon Les Wexner is severing his last ties with the retail empire that he founded in 1963. The company said in February it intended to complete the separation of its Victoria’s Secret and Bath & Body Works businesses by August.