Limited Reorganizes Operations
Columbus, Ohio Columbus, Ohio , Limited Brands. Inc. is reorganizing its operations and into three business groups—lingerie; beauty and personal care; and apparel—with each group led by a president who will provide oversight for the brand and its products across all distribution channels.
Jay Margolis, formerly president/COO of Reebok Int., has joined Limited Brands as group president, apparel, with oversight for The Limited and Express. Len Schlesinger, vice chairman and COO, will now also oversee beauty and personal care, including the Bath & Body Works division. Chairman and CEO Leslie Wexner will assume group leader responsibilities for lingerie, including Victoria’s Secret. Wexner and Schlesinger will share responsibility for Henri Bendel and Victoria’s Secret Beauty.
In addition, Deborah Fine, founder and president of Avon Future, will join the company as CEO of Victoria’s Secret’s Pink division.
“We are poised for accelerated future growth and we need the depth and breadth of leadership to achieve it,” Wexner said. “This newly assembled leadership team will provide the intense focus and oversight in lingerie, beauty and personal care and apparel to maximize our growth potential.”