Les Wexner, the founder and former CEO of L Brands, has a diverse portfolio of companies under his name.
Apart from the immensely popular Victoria’s Secret and Bath & Body Works, he owns several businesses in the fashion, real estate, and media sectors.
The Limited, Express, and Henri Bendel are some of the fashion brands that are a part of Wexner’s domain.
He also has stakes in the popular lifestyle media company, BuzzFeed, and the real estate firm, L Brands Real Estate.
Wexner’s business ventures are a testament to his keen eye for entrepreneurial opportunities and his ability to turn them into successful ventures.
Who is Les Wexner?
Les Wexner is the founder and chairman of L Brands, Inc., which consists of Victoria’s Secret, Bath & Body Works, Henri Bendel, C.O. Bigelow, and La Senza brands.
He also owns a number of other companies including The Limited, Abercrombie & Fitch Co., Express Inc., and. Wexner is the wealthiest person in Ohio with a net worth estimated to be around $7.1 billion dollars as of 2021.
Wexner’s success came from tapping into new markets that were relatively untapped at the time, such as lingerie for women and cult-like fragrances for teens and young adults.
His models became household names and his products appealed to a wide range of customers. Through various acquisitions, Wexner has been able to steadily expand the reach of all of these brands worldwide.
Wexner’s empire is owned by several entities, including himself and his family as well as outside investors. Most notably, he owns an estimated 50% stake in L Brands, Inc.
He also owns a 10% stake in Express, Inc. and an 8% stake in Abercrombie & Fitch Co.
Wexner is the sole owner of The Limited, which he founded in 1963. In addition to his investments in these companies, Wexner has also made personal investments in other businesses and venture capital funds.
Ultimately, Wexner’s empire is worth billions of dollars and his influence in the fashion industry is undeniable.
He is widely considered to be one of the most successful entrepreneurs in history.
Ultimately, Les Wexner’s empire has been a testament to his business acumen and entrepreneurial spirit.
What Companies Does Les Wexner Own?
Les Wexner is one of the most prominent and successful entrepreneurs in America.
As an investor, he has been quite active in corporate acquisitions over the past few decades, allowing him to become the owner of a portfolio worth billions of dollars.
But what companies exactly does Wexner own or have majority control over?
In this blog post, we’ll dive deep into his investments in order to provide you with answers that will give you more insights on how this mogul built his empire.
Be sure to stay tuned for our breakdowns and analysis!
The list of companies owned by Les Wexner includes the following ventures:
1. Victoria’s Secret
Wexner has been the Chairman and CEO of Victoria’s Secret since 1982.
It is one of the most popular lingerie and beauty brands in the world and has made billions over the years.
2. Bath & Body Works
This company, which Wexner founded in 1990, is also a big money-maker for L Brands.
It focuses on personal care and beauty products that are sold both online and in stores around the world.
3. Express
Wexner also owns a majority stake in Express, which is a fashion brand with retail locations located mainly in American shopping malls.
4. PINK
PINK, which was launched by Victoria’s Secret in 2000, sells various forms of sleepwear, lingerie, and swimwear.
5. Edgewell Personal Care
Edgewell is a personal care company that was acquired by Wexner in 2017 for $1.37 billion dollars.
6. Abercrombie & Fitch
Abercrombie & Fitch is the parent company of Hollister Co., which Wexner owns a majority stake in.
7. Victoria’s Secret Beauty
Wexner also owns this company, which is a subsidiary of Victoria’s Secret. It mainly sells beauty and personal care products.
8. Henri Bendel
This luxury brand was founded in 1895 and was acquired by Wexner in 1985.
9. Leslie’s Pool Supplies
Wexner owns a majority stake in Leslie’s Pool Supplies, which is one of the leading retailers of pool and spa products.
10. L Brands
Wexner is also the Chairman of L Brands, which is a retail holding company that oversees all of its other investments under one umbrella.
What is Les Wexner Net Worth?
Wexner is estimated to have a net worth of $7 billion as of September 2023 making him one of the richest people in the United States.
He has built an empire that spans across various industries and continues to expand as time goes on.
Wexner is a true business mogul and his success stands testament to that fact.
How Many Employees Does Les Wexner Have?
In 2019, the company employed around 86,000 people in its various brands and retail stores.
This number is expected to rise as new stores are opened and more products become available on the market.
Wexner’s business acumen and innovative mindset have enabled him to bring thousands of people together in a successful enterprise.
His dedication to the success of his company and its employees has helped establish him as an icon within the business world.
Final Thoughts
In conclusion, Les Wexner is a privately owned company with an expansive portfolio of world-renowned offerings.
Founded in 1963, LES WEXNER is led by Chairman and CEO Leslie H. Wexner with a highly credentialed executive team.
It continuously innovates for sustained growth through an integrated portfolio of high-profile brands like Victoria’s Secret and Bath & Body Works.
Additionally, its holdings encompass numerous luxury fashion brands such as Abercrombie & Fitch and equity investments such as Sycamore Partners Management LLC.
Several strategic acquisitions have allowed it to remain a powerful force in the retail industry over the past decades.
Indeed, Les Wexner’s diversified firms represent much more than what meets the eye and help create lasting memories for customers across industries!