Professional
Wexner was born to Russian Jewish immigrants in Dayton, Ohio. He attended The Ohio State University, majoring in business administration. He became a member of Sigma Alpha Mu fraternity. He briefly attended law school, but left to help his parents run their store in a suburban Columbus, Ohio, shopping center. In 1963, Les Wexner borrowed $5,000 from his aunt to start 'The Limited' (so named because the store focused on clothing for younger women, unlike his parents' general merchandise store). The Limited opened its first store in the Kingsdale Shopping Center in Upper Arlington. Wexner's parents closed their store one year later in 1964, and joined their son at 'The Limited'. Wexner took Limited Brands public in 1969, listed as LTD on the NYSE. Over the years he built a large retailing and marketing conglomerate, which currently includes: Victoria's Secret, Pink (Victoria's Secret), Bath & Body Works, Henri Bendel, C. O. Bigelow, The White Barn Candle Company, and La Senza. Previous brands that have spun off include: Lane Bryant, Abercrombie & Fitch, Lerner New York, The Limited Too (now Tween Brands, Inc.), Structure 9, Aura Science, The Limited (separation from Limited Brands by sale of 75% to Sun Capital Investments, made official as of August 3, 2007), Express (separation from Limited Brands by sale of 75% to Golden Gate Capital, made official as of July 6, 2007). Allegations have been made that Wexner's The Limited Inc. has used slave labor both in the United States and abroad. These charges have been made particularly against Victoria's Secret which is part of The Limited Inc. and owned by Leslie Wexner.
Read more about this topic: Les Wexner
Famous quotes containing the word professional:
“I trust it will not be giving away professional secrets to say that many readers would be surprised, perhaps shocked, at the questions which some newspaper editors will put to a defenseless woman under the guise of flattery.”
—Kate Chopin (1851–1904)
“The American character looks always as if it had just had a rather bad haircut, which gives it, in our eyes at any rate, a greater humanity than the European, which even among its beggars has an all too professional air.”
—Mary McCarthy (1912–1989)
“The belief that there are final and immutable answers, and that the professional expert has them, is one that mothers and professionals tend to reinforce in each other. They both have a need to believe it. They both seem to agree, too, that if the professional’s prescription doesn’t work it is probably because of the mother’s inadequacy.”
—Elaine Heffner (20th century)