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|LB||L BRANDS INC.||16.60||+0.29||+1.78%|
L Brands' decision regarding the financier charged with sex trafficking was announced Thursday. Epstein has pleaded not guilty.
The company called Epstein's alleged crimes "abhorrent." It said in a statement that Epstein's business association with its founder and CEO Leslie Wexner ended nearly 12 years ago but that it took the matter seriously and so ordered a thorough review. The relationship between the two has raised eyebrows, the Wall Street Journal reporting that Epstein "inserted himself into the business buying a plane from the company for $10 million and trying to offer input on which women should be Victoria's Secret models."
The company also operates Bath & Body Works. It says it doesn't believe that it ever employed Epstein or that he ever served as its authorized representative.
Epstein was found injured on the floor of his cell in the federal jail where he is awaiting trial on sex trafficking charges, a person familiar with the episode tells The Associated Press.
The person said Thursday that it wasn't clear whether bruising on his neck was self-inflicted or from an assault.
The financier was treated and remains in custody at the Metropolitan Correctional Center in New York City.
A judge has denied bail to Epstein, ruling that he poses a danger to the public.
Epstein is accused of having sex with girls as young as 14. He's pleaded not guilty.