Victoria's Secret owner might be stepping down (and selling the brand)

Not a secret.. Les Wexner, the billionaire owner of Victoria's Secret parent L Brands, is in talks to step down from his CEO-ship and possibly sell the lingerie brand (WSJ reports). The 82-year-old is the longest-serving CEO of any S&P 500 — and besides V's Secret, he also turned around Abercrombie & Fitch and scaled Bath & Body Works into mall staples. But his association with Jeffrey Epstein hasn't helped.

• Vicky's struggled the past few years with falling sales and shrinking relevance – stores are too dark, the fashion show's outdated, and pushups missed out to the bralette trend.
• L Brands as a whole is losing value — it was worth $29B at its 2015 peak, and is now worth less than $6B. But the stock jumped 13% on word Les may be out.

Spin-off the problem brand... focus on the clean one. Bath & Body Works has shown annual sales growth for 9-straight years (guess the foaming hand soaps never get old). Bath & Body's hygiene and self-care is tapped into the wellness trend, and is L Brands' star performer as Victoria's falls.