Les Wexner to sell much of his stake in Victoria's Secret parent L Brands for some $2 billion by lisettevoytko
Photo by Nicholas Hunt/Getty Images for Fragrance Foundation
L Brands is repurchasing 10 million of the available shares, per the company, at a price of $73.01 per share, which amounts to $730 million for Wexner, before taxes. The remaining 20 million shares will be sold for $74.50 each, for nearly $1.5 billion pre-tax. Accounting for estimated capital gains taxes, Wexner and his wife, Abigail, will walk away with nearly $1.7 billion.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Must Read: Inside the Strategy of LVMH's Phoebe Philo Investment; Leslie Wexner to Sell 30 Million Shares of L BrandsPlus, Burberry sees a surge in revenue.
Leer más »
Must Read: Inside the Strategy of LVMH's Phoebe Philo Investment; Leslie Wexner to Sell 30 Million Shares of L BrandsPlus, Burberry sees a surge in revenue.
Leer más »
Would You Pay $400 Million for a ‘Bikini Body’?Kayla Itsines and her business partner and former fiancé, Tobi Pearce, have sold their fitness empire for a massive sum
Leer más »
Mark Zuckerberg Has Sold Facebook Stock Almost Every Weekday This YearThe Facebook founder has sold hundreds of millions of dollars of stock since last November, but his philanthropic and advocacy organization has cashed in billions of stock over the same period.
Leer más »