L eslie "Les" Wexner is an American retail magnate who built a fashion empire from a single store in Columbus, Ohio. In 1963, he borrowed money from his aunt to open The Limited, a store focused on selling affordable, fashionable clothing to young women. His innovative approach to retail, which emphasized narrow product assortments and rapid inventory turnover, was a huge success. He grew The Limited into a national chain and, through his parent company L Brands, launched or acquired a string of iconic American retail brands, including Express, Abercrombie & Fitch, and Bath & Body Works.
Wexner's most famous and lucrative acquisition was Victoria's Secret, which he bought in 1982 when it was a small, struggling chain of lingerie stores. He transformed it into a global phenomenon, pioneering the use of supermodels as "Angels" and creating the highly publicized annual Victoria's Secret Fashion Show. For decades, he was one of the most respected and longest-serving CEOs in America. However, in his later years, his legacy became tarnished by the declining fortunes of Victoria's Secret and by revelations about his close and long-standing personal and financial ties to the late convicted sex offender Jeffrey Epstein. In 2020, Wexner stepped down as CEO and chairman of L Brands and has since sold off most of his retail holdings.
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Leslie 'Les' Herbert Wexner is an American businessman, the self-made billionaire Founder and former Chairman/CEO of L Brands (formerly The Limited, Inc.), a major global apparel and retail conglomerate (brands included Victoria's Secret, Bath & Body Works, and Express). Born in Dayton, Ohio, in 1940, his career is rooted in retail innovation.
Wexner graduated from Ohio State University (1959) and briefly attended Ohio State University Law School before dropping out. His entrepreneurial journey began in 1963 with a $5,000 loan from his aunt, launching The Limited in Columbus, Ohio. His philosophy centers on brand development, vertical integration, and aggressive growth in the fashion and apparel retail sector.
Les Wexner's strategic genius was his commitment to identifying niche markets (fast-fashion for young women with The Limited) and vertical integration (controlling design and manufacturing). His acquisition of Victoria's Secret in 1982 and subsequent transformation of the brand into a global phenomenon was his most structural contribution to retail. Under his leadership, L Brands became a colossal retail empire.
His career faced a major crisis in the 2010s due to his close association with Jeffrey Epstein and subsequent investigations into sexual harassment and a toxic work environment at Victoria's Secret. He stepped down as Chairman and CEO of L Brands in 2020 (coinciding with the sale of a majority stake in Victoria's Secret). The company was eventually broken up, and its assets monetized. His wealth is secured by the colossal liquid capital generated from his retail exits and the long-term appreciation of his stake in Bath & Body Works (which was spun off).
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Founds The Limited with a $5,000 loan from his aunt (Founding).
Acquires Victoria's Secret (Strategic Acquisition).
His close association with Jeffrey Epstein becomes public (Corporate Crisis).
Steps down as Chairman and CEO (Executive Transition).
Oversees the spin-off of Bath & Body Works (Corporate Restructuring).
Continues as Founder and philanthropic leader (Executive Oversight).
Les Wexner's wealth is concentrated in the liquid capital generated from the L Brands breakup and the sale of its constituent companies (Victoria's Secret, Bath & Body Works).
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Les Wexner's social impact is structural, stemming from L Brands' role as a massive global employer and a foundational force in apparel and consumer goods retail. His profound philanthropic contribution is to The Ohio State University (donating over $100 million for the Wexner Medical Center) and Jewish education (funding the Wexner Foundation).
His structural contribution is tied to his belief in brand development and entrepreneurship, despite the controversies surrounding his business culture and political activities.
Les Wexner maintains the professional, composed style of a retail executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects stability and immense corporate authority, typical of a leader in the global retail sector.
Residing in New Albany, Ohio, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to investment strategy, retail innovation, and philanthropy.
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+0.56% | +$12.46M
+0.26% | +$14.59M
This profile is compiled from verified biographical and financial records:
All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
If you find any inaccuracies, please report them to admin@redcarpetlife.in
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