Epstein Mentor Les Wexner Leaves L Brands, Sells 55% Stake In Victoria’s Secret For $525 Million

Les Wexner is stepping down as chairman and CEO of L Brands as the company prepares to sell a 55% stake in its flagship brand, Victoria’s Secret, to private equity firm Sycamore Partners for $525 million, according to a pair of reports from Bloomberg and WSJ.

Wexner

Last month, we reported that Wexner, a longtime friend, benefactor and mentor to financier pedophile Jeffrey Epstein, was preparing to sell the company that he essentially built and led for decades.

Sources familiar with the talks told WSJ at the time that a full or partial sale of Victoria’s Secret was expected, as the company was finally giving up on turning around the struggling lingerie brand.