How Jeffrey Epstein got his hooks into The Limited CEO Les Wexner
the former Wall Street arbitrageur and son of Cy Lewis, the onetime senior partner at Bear Stearns, first metin the early 1980s when he was dispatched by Milton Petrie, another retailing mogul, to Columbus, Ohio. Petrie wanted to buy the Limited from Wexner, its founder and now the subject of much speculation because of his relationship withconvicted of sex with minors in 2008 and newly accused of sex trafficking, a charge to which he has pleaded not guilty.
The conversation had been very frank, and at the end, Wexner asked if there was anything else Lewis wanted to say. In fact, there was, Lewis recalled. “Get your mother out of her office across the hall,” Lewis told him. “Why is she there? Does she help you run this business or is she just a pain in the ass? I’m pretty direct. And I said, Les, I don’t have a good feeling about this, and your sister too…. I was being direct. And he knew what I was saying…. You’re a good guy, I like you.
At one point, in April 1982, Lane Bryant Inc., the largest retailer for plus-size women’s apparel, announced that the Malsin family, which controlled the company, was taking it private in an $88 million leveraged buyout. As an arbitrageur operating his own eponymous firm, Lewis accumulated some of the stock of Lane Bryant, as would have been standard practice in those days in a takeover situation.
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