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L Brands rose more than 12% before the opening bell after the Wall Street Journal reported that billionaire founder Leslie Wexner is in talks to step down as CEO and sell the Victoria’s Secret brand. Wexner’s history with accused sex trafficker Jeffrey Epstein had in recent months made investors cautious about the company’s ambitions to spin off its Victoria’s Secret business late last year.The company is aiming to reach a decision on the potential sale and decide succession plans in coming weeks, the Journal reported. — Franck

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