The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Victoria’s Secret-owner L Brands Inc said on Thursday chairman emeritus and former chief executive, Leslie Wexner, would not stand for re-election to the board at its shareholder meeting in May.
Wexner, 83, who bought Victoria’s Secret in 1982 and shaped its image by hiring supermodels to wear jewel-encrusted bras and wings at its annual fashion shows, stepped down as CEO last year after investor pressure.
Wexner has been in focus for his association with the late financier Jeffrey Epstein, who was entrusted with managing the billionaire’s personal finances and served as the trustee of his charitable foundation. Wexner has not been accused of criminal wrongdoing.
L Brands added Wexner’s wife, Abigail Wexner, would not stand for re-election and the company appointed two other independent members to its board.
By Aishwarya Venugopal; editor: Amy Caren Daniel.
Discover the most exciting career opportunities now available on BoF Careers — including jobs from Tory Burch, Oysho and Simone Rocha.
Fashion companies rely heavily on part-time associates to respond to a volatile industry where demand is often seasonal and margins are thin — but many drop the ball when it comes to making the job rewarding.
With the cost of living crisis affecting both businesses and individuals, discussions about pay are a delicate but critical hurdle for employees to navigate today. BoF spoke to negotiation and compensation consultants, as well as industry professionals, on how to approach and prepare for these conversations.
BoF Careers provides essential sector insights for fashion designers this month, to help you decode fashion’s creative and commercial landscape.