Leslie Wexner could sell Victoria’s Secret. According to Wall Street Journal, the American billionaire could sell the lingerie brand of L Brands (completely or partially) and resign from his position as CEO, maybe remaining in the company as president. Wexner is now the main shareholder of L Brands, with a share of 17 percent. The other shares are between several investment companies, including Vanguard, Primecap and Blackrock. Leslie Wexner, 82 years, has been the CEO of the S&P 500 companies for the longest time. The manager has contributed to the evolution of Abercrombie & Fitch, The Limited and Victoria’s Secret in internationally renowned brands. At the beginning of 2019 the lingerie player announced the closure of 53 stores. Last year, L Brands’ shares lost 29% of their value.