Les Wexner
The lingerie brand announced on Thursday that a private equity firm is buying 55% of the company for about $525 million and become a private company.
Many have questioned the famous show's place in the Me Too Era.
The lingerie company, which once dominated the market, is reportedly distancing itself from network television.
Wexner has reportedly given at least $20,000 to Ohio Democrats since revealing last month he was no longer a Republican.
WHAT'S HAPPENING
The L Brands CEO had previously condemned Donald Trump's response to Charlottesville in a speech to employees.