L Brands (LB) Explores Strategic Options for Victoria's Secret, Lex Wexner in Talks to Step Aside as CEO - WSJ
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(Updated - January 29, 2020 7:15 AM EST)
Leslie Wexner is in talks to step aside as CEO of L Brands (NYSE: LB) and is exploring strategic options for Victoria's Secret, according to the Wall Street Journal, citing people familiar with the matter.
Talks are ongoing and could result in a full or partial sale of the lingerie brand. The company is looking to reach a decision on a potential deal and succession plans in coming weeks, the report said.
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