The CEO of the parent company of Victoria's Secret, Bath & Body Works and other stores is in discussions to step down from the top post, according to The Wall Street Journal.
Billionaire Leslie Wexner has served as CEO of L Brands for more than five decades.
The Wall Street Journal also says L Brands is considering strategic options for Victoria's Secret that could include a full or partial sale of the business, according to people familiar with the matter.
L Brands said Wednesday it doesn't comment on rumors.
