Victoria’s Secret Is Officially Sold — Is It Going out of Business?

Another blow was issued on Jan. 29, when the CEO of its parent company, L Brands, was in talks to step down and news broke that the company may be planning on selling Victoria’s Secret. CEO Les Wexner came under fire for his ties to Jeffrey Epstein, but that’s far from the only problem Victoria’s Secret is having. Is the lingerie giant finally going out of business? Or is change actually coming?

Well, there will definitely be at least some change. Victoria’s Secret is going private and the majority share of the company has been sold to Sycamore Partners, a private equity firm, in a $525 million deal. The deal doesn’t look great for the chain.

What about all the big executive changes?

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Epstein was a personal adviser for Les for many years and they had both a personal and professional connection. Epstein obtained many of his biggest assets, including a mansion in Manhattan and a private plane, from Les and his company. 

Source: getty

Les Wexner and Ed Razek

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“We attempted to do a television special for plus-sizes [in 2000]. No one had any interest in it, still don’t,” he asserted to Vogue. He also claimed that the models he hires are “skinny-shamed” and that he was angered by it. He additionally went on to discuss why the fashion show doesn’t include transgender models, although he misnames them. “Shouldn’t you have transsexuals in the show? No. No, I don’t think we should. Well, why not? Because the show is a fantasy.”

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The statement seemingly implied that the women on stage are meant to represent a fantasy of women and that transgender or plus-size women aren’t included in that narrative when we talk about fantasies. Shortly after the interview, Victoria’s Secret CEO Jan Singer resigned, after only being in the role for two years. 

angels fantasy

Source: getty

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