L brands’ shares slide as its ceo’s ties to epstein scrutinized

by MR Magazine Staff

Victoria’s Secret, already burdened by weak sales and calls to evolve in the #MeToo era, is facing another controversy: its leader Les Wexner’s name appearing in reports about disgraced financier Jeffrey Epstein. Wexner, chairman and CEO of the alluring lingerie chain’s parent L Brands, employed Epstein as a money manager for years, building a relationship close enough for Epstein to buy his Manhattan mansion. On Monday, federal prosecutors unsealed new charges claiming Epstein ran a sex-trafficking ring, which included girls as young as 14. These allegations have also triggered a political firestorm in Washington. Read more at Fortune.