Forty years ago, Leslie H. Wexner, always an avid reader, made the decision to eschew fiction in favor of history and biographies because, in his view, reality was much more compelling than make-believe. Yet Wexner’s personal tale is the stuff that dreams are made of. In 1963, Wexner borrowed $5,000 from his aunt to start The Limited, a clothing store geared towards young women. First-year sales soared to $160,000. Just six years later, Wexner took the company public, with shares of The Limited offered at $7.25. Today, the stock trades in the mid-60s range, and Wexner’s company, L Brands Inc., has evolved into a $10 billion retail powerhouse in the personal care and lingerie segments through its superstar formats: Bath and Body Works and Victoria’s Secret, as well as Pink, Henri Bendel and La Senza. The 76-year-old self-made billionaire is the longest-serving chief executive of a Fortune 500 company, and he remains as vitally involved in the business today as when he founded the company 50 years ago. He’s also as outspoken as ever—most recently sparking a fierce industry-wide debate when he proclaimed department stores irrelevant.
Whether or not you agree with Wexner on that particular point, his impact on beauty and retailing is undisputed. And for a year that saw so much activity in the retail arena, we could think of no more-fitting honoree for WWD Beauty Inc’s 2013 Visionary of the Year award. Wexner recently sat down for a rare—and revealing—in-depth interview with WWD’s executive editor of beauty, Pete Born.
Supermodel @helenachristensen teamed up with longtime friend and designer @camillastaerk on a joint @paredeyewear collaboration. The lineup features three styles and 11 offerings, all of which embody a vintage feel. Get all the details on how they celebrated the collab on WWD.com. #wwdaccessories #wwdeye (📷: @slovekinpics)
“It’s a hard industry to keep motivated, as well, so finding different subjects and people is what makes it worth it – when you’re like, oh, I’ve met great people, I feel like I’ve done something good, and I feel proud of having done this,” said French actress Stacy Martin on being grateful for the variety of roles she’s take on. Read @ktauer’s full interview with Martin on her her latest film “Godard Mon Amour.” #wwdeye (📷: @danieldorsa)
After showing in front of the Eiffel Tower for his last two women’s ready-to-wear collection, it looks like @anthonyvaccarello may be heading to the Big Apple. Sources say the designer will stage his next @ysl show in NYC on June 6. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion