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.
From overseeing America’s fastest-growing speciality retailers to codifying cool, WWD talked to the women who are leading the way for the future of beauty. Check out our Instagram Stories to see how these women built today and are creating tomorrow. (📸: @hannah_khymych) #wwdbeauty
For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
Trending for spring 2018: top stitch design. Gone are the days of stitch just for seams — designers are using the once-minimal detail to create strong decorative elements. (📷: Paola Testa; Styled by @andrew_shang) #wwdfashion
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)