Les Wexner left owning 2 percent of L Brands

Billionaire Les Wexner, the founder of L Brands, the parent company of Victoria’s Secret and Bath and Body Works, is now left owning just 2 percent of the company he spent over fifty years building. The businessman’s recent sale of 2.2 billion shares, bringing his total disposal of shares to 2.7 billion dollars for this year, leaves him with only a 2 percent stake in L Brands. The news was reported by Bloomberg.