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Les Wexner sells L Brand shares

Les Wexner, the man who made his billions off of Victoria’s Secret, is selling 745 million dollars worth of shares in parent company L Brands Inc. This brings his stock sales from L Brands to 1.2 billion dollars for the year so far. The stocks are being sold off through a secondary offering managed by JPMorgan Chase & Co. as reported by...

16 Jul 2021