Sycamore Partners

After years of controversy and sliding sales, Leslie Wexner, the billionaire behind Victoria’s Secret, is stepping down as its CEO. Wexner’s exit, confirmed by Bloomberg last week, has been a long time coming. The brand has been in free fall for years: The Victoria’s Secret Fashion Show was officially canceled last year after years of declining viewership, and the brand’s sales started falling in 2017, as customers turned to new […]