Bella Wexner served as secretary until her death in 2001, Harry as chairman (he served until his death in 1975), and Leslie, CEO from inception, later succeeded his father as the chairman. The original board consisted of only the three family members and longtime friend Jim Waldron, who served as Senior Vice President. Later, in 1964, Bella and Harry closed their store to join their son in his venture. This store was named " The Limited" because the store focused on clothing for younger women, unlike his parents' general merchandise store. In 1963, Wexner borrowed $5,000 from his aunt and $5,000 from the bank and opened a store at the Kingsdale Shopping Center in Upper Arlington, Ohio. The store was named after their son, Leslie "Les" Wexner, and he began working there when he was attending college at Ohio State University. After spending over 20 years working for Lazarus, in 1951, she and her husband Harry Wexner opened a women's clothing store named Leslie's on State Street. At age 21, she became the youngest buyer for the Lazarus department store chain. History Origins īella Cabakoff was born in Williamsburg, Brooklyn and moved to Columbus as a toddler. As of August 3, 2021, the separation was complete, and Bath and Body Works stock started trading under the ticker symbol "BBWI". In March 2021, L Brands announced it would spin off Victoria's Secret as a stand-alone publicly traded company, and then change its name to Bath & Body Works, Inc. She replaced the interim CEO, Sarah Nash. Gina Boswell was appointed the new CEO effective December 1, 2022, replacing Andrew Meslow who stepped down in May 2022.
The sale fell through in May 2020, although Wexner did step down as CEO as planned, replaced by Andrew Meslow. Under the agreement, Sycamore Partners would gain a 55% controlling stake in Victoria's Secret while L Brands would keep a 45% stake, leaving Bath & Body Works to become L Brand's sole business. In February 2020, L Brands announced the planned sale of its Victoria's Secret division to Sycamore Partners, a private equity firm. It owns Bath & Body Works, posted $11.9 billion in revenue in 2021, and was listed as 248 on the 2020 Fortune 500 list of largest United States companies by revenue. and The Limited, Inc.) is an American specialty retail company based in Columbus, Ohio. (formerly known as L Brands, Inc., Limited Brands, Inc.
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