L Brands Investors Poised to Demand Answers After 35% Hammering
- Turnaround plan for Victoria’s Secret will be front and center
- How long will Wexner, who turned 82 on Sunday, stay on as CEO?
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Many apparel retailers are having a rough go of it in 2019, but few have had as much trouble as L Brands Inc., the parent of embattled lingerie purveyor Victoria’s Secret.
From its outdated imagery to its stagnant sales, Victoria’s Secret was already in the hot seat with shareholders, culminating in a brief activist battle earlier this year -- and that was before founder Les Wexner’s ties to Jeffrey Epstein came under scrutiny.