Victoria's Secret

Victoria's Secret, formerly under parent company L Brands, is indirectly in the news due to the ongoing investigation into Jeffrey Epstein. Les Wexner, the former CEO of L Brands and a billionaire, is being questioned by Congress regarding his long-standing relationship with Epstein. Wexner claims he was "conned" and "naive" in trusting Epstein, who he alleges stole vast sums of money from him. This testimony is part of a broader congressional probe into Epstein's crimes and associates. The relevance lies in the potential implications for Wexner and the scrutiny it brings to his past business dealings, including his time at the helm of Victoria's Secret. While unrelated, news of strong sales for retailer Next highlights the broader retail landscape.