According to sources close to Wexner and L. Brands, Wexner is stepping down as CEO.

Wexner, who founded the company in 1960 has been the CEO and chairman of the board since taking the company public in 1969.

He was also Epstein's best friend and patron.

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Source:

https://www.cnbc.com/2020/01/29/victorias-secret-founder-les-wexner-is-reportedly-in-talks-to-step-aside-and-is-exploring-l-brands-sale.html