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.
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia