It was always assumed this fashion brand would cancel their annual televised production.
The final nail was the CEO being named in every article about the show and his connection to the pedophile who used the brand to lure in underage teens, including the latest Jane Doe.
L Brands CEO Leslie Wexner’s Name Has Been Coming up in Jeffrey Epstein-Related Lawsuits
In September, Leslie Wexner took the stage at L Brands’ investor day in Columbus, Ohio to talk about his vision for the aging retail empire. Wexner did, in fact, discuss the “significant progress” made by L Brands during the first half of the year, but before he did, the 82-year old retail tycoon told an audience filled with investors, media and company higher-ups gathered in his native Ohio that he is “embarrassed” by his decades-long ties to late sex offender Jeffrey Epstein, saying that he had been “taken advantage of by someone who [was] so sick, so cunning, so depraved.” It was the elephant in the room.
L Brands’ annual Investor Day came almost two months to the day that Epstein had been arrested by a swathe of federal law enforcement on the tarmac of Teterboro Airport just moments after his private jet touched down from France. Epstein was taken into custody on the basis of a new round of sex-trafficking charges involving minors, and in the months to follow, Wexner, the chairman and CEO of the publicly-traded L Brands, would have his name cemented into the narrative due to his close and long-standing – and severed – ties to Epstein both in terms of L Brands and his personal Wexner Foundation.
On the stage in September, Wexner never actually uttered the late Epstein by name in his discussion of the “sensitive subject.” His mention of a “personal financial adviser” and the “advantage taken of so many young women” by that individual, however, was an undeniable reference to the former financier and convicted pedophile, who committed suicide in August in his Metropolitan Correctional Center jail cell, while awaiting trial of new sex-trafficking charges.
Seemingly looking to “move past the controversy and instead, focus on the nuts and bolts of a long-promised retail turnaround for Victoria’s Secret,” per Bloomberg, Wexner characterized his ties to Epstein as “in the past” and having “happened a long time ago,” and then shifted his opening remarks “to today” and the capabilities of brands that fall under the L Brands umbrella, such as Victoria’s Secret and Bath & Body Works.
Wexner’s brief discussion of the Epstein scandal was the latest attempt by him and L Brands to distance themselves in the minds of L Brands investors and the public, alike, from the late financier, who Wexner once described as “a most loyal friend” with “excellent judgment and unusually high standards.” “a most loyal friend” with “excellent judgment and unusually high standards,” according to the New York Times.
While the L Brands chief has not been publicly accused of proffering minors for Epstein or of engaging in sexual activity with minors, his name has, nonetheless, proven nearly irremovable from the equation due to his status as Epstein’s onetime “mentor” and maybe even more significantly, the only known client of Epstein’s financial management firm, the New York-based J. Epstein & Company. There are also questions about the timeline of the parties’ fall out. Writing for the Times in August, Emily Steel, Matthew Goldstein, Steve Eder and David Enrich reported that in 2011, “an entity once linked to Mr. Epstein sent tens of millions of dollars to the charity of … Wexner – [four] years after Mr. Wexner has said he severed ties with Mr. Epstein.” – Source
The angels have left the runway: Victoria’s Secret cancels annual fashion show
The angel era is over.
L Brands, the parent company of Victoria’s Secret, has officially canceled its annual fashion show after more than two decades of star-studded, glitter-encrusted spectacle. Rumors of cancellation have swirled since May, when chief executive Les Wexner sent a memo to Victoria’s Secret employees saying it was time to “rethink” the annual extravaganza, CNBC reported, as network television was no longer “the right fit.”
“We think it’s important to evolve the marketing of Victoria’s Secret,” Stuart Burgdoerfer, chief financial officer of L Brands, said in a Thursday earnings call. He also said that nothing “similar in magnitude” to the fashion show would be happening this holiday season — the company’s first public confirmation of the show’s end. – Source