Leslie H. Wexner

Leslie H. Wexner, the chairman and CEO of L Brands, was a keynote speaker at the Jewish Federations of North America General Assembly in November 2015.

L Brands founder Leslie H. Wexner may be stepping down as CEO of the Columbus-based company and selling off the Victoria’s Secret lingerie brand, according to multiple reports.

Wexner, 82, founded the L Brands business in 1963 as women’s retail clothing stores The Limited. The company changed its name to Limited Brands in 2002 and to L Brands in 2013 after selling off The Limited. He is is the longest-serving CEO of an S&P 500 company. L Brands is the parent company for Bath & Body Works and other stores.

According to a Jan. 29 Wall Street Journal story, Wexner is considering a full or partial sale of Victoria’s Secret.

An L Brands spokesperson told the Columbus Jewish News Jan. 29, “We would not comment on such rumors.”

The CJN reached out to The Wexner Foundation in New Albany, which also would not comment.

According to Forbes magazine, Wexner and his family are the wealthiest family in Ohio with a net worth of $4.7 billion.

Last year, Wexner accused the late financier Jeffrey Epstein of misappropriating “vast sums” of his fortune while managing his personal finances more than a decade ago.

Recommended for you

Subscribe or opt-in to home delivery today!

Do you wish to receive free home delivery of the Columbus Jewish News? Click here to subscribe now.

The CJN is asking those who receive the newspaper to confirm their subscriptions to help us get a sense of our readers’ engagement. To opt-in to the newspaper if you are already receiving it at your home, click here. Home delivery to Columbus area residents is free, thanks, in part, to the support of JewishColumbus and Schottenstein Stores Corp.