Monthly Archive: September 2014

#TheMan #TheLegend behind the clothes & the undergarments you very likely wear #FYI Repost from @forbes Leslie “Les” Wexner built Victoria’s Secret, Pink, Express and The Limited into one of America’s alltime great retail fortunes. “When I was a kid, before my first store, they talked about stores as theater and retail as theater. It still is,” says the 77-year-old, attired casually in gray slacks and a blue oxford. “Retailing is a free form of entertainment.” Yet this impresario shuns the spotlight. He’s the CEO of a large publicly traded company, yet he rarely speaks on earnings calls. One of the legends of his industry, yet he almost never speaks to the press. In reality Wexner–net worth: $6.2 billion, good enough to make No. 80 on The Forbes 400–is an introspective guy who has been questioning his every move for decades. His professional success results from a compulsive restlessness and dissatisfaction that steer him away from the herd. His first great insight was focusing on a few products (The Limited) at the apex of the department store age. He expanded nationally when the biggest retail stores were regional concerns. When most competitors rushed overseas, he held back. And in his biggest score of all, he reimagined the lingerie business as a wholesome enterprise that could thrive next to the food court and the multiplex, rather than the boudoir and the peep show.Wexner now owns the only three bra labels that matter: Victoria’s Secret, Pink and La Senza. Together they make up 41% of America’s $13.2 billion lingerie market. Their next closest competitor, if you can call it that, has a 1% market share. Bath & Body Works, the world’s largest beauty retailer, is his, too. He holds all of them under his thriving parent company, L Brands. “What I worry about is a fear that you won’t have the idea or that you have figured it out wrong,” he says.Read the full story by Dan Alexander on Forbes.com