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Report: CEO may step down, sell Victoria's Secret

Ohio billionaire Leslie Wexner has served as CEO of L Brands for more than five decades.
FILE- In this April 4, 2018, file photo, shoppers walk past the Victoria's Secret store on Broadway in the Soho neighborhood of New York. On Monday, April 30, the Commerce Department issues its March report on consumer spending. (AP Photo/Mary Altaffer, File)

The CEO of the parent company of Victoria's Secret, Bath & Body Works and other stores is in discussions to step down from the top post, according to The Wall Street Journal. 

Billionaire Leslie Wexner has served as CEO of L Brands for more than five decades. 

The Wall Street Journal also says L Brands is considering strategic options for Victoria's Secret that could include a full or partial sale of the business, according to people familiar with the matter. 

L Brands said Wednesday it doesn't comment on rumors.

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