October 27, 2011, - 2:28 pm
Leslie Wexner, gazillionaire founder and CEO of Limited Brands (which includes Victoria’s Secret, The Limited, Express, and Bath & Body Works), is known to many liberal Jewish organizations and charities as a major donor. His “Wexner Scholars” are a number of young Jewish liberals he and his handlers are training to take over the Jewish community leadership. But to those of use who’ve been paying attention (that’s me), Wexner is also a major dhimmi, who’s used his companies to encourage Islamic immigrants and activists in their militance. At his Columbus, Ohio headquarters and operations, Wexner gives Muslim employees multiple paid breaks for Islamic prayers and given in to their halal demands, turning Columbus into a mecca for Muslim immigrants and Islamic extremism. And, now, he’s “reaching out” to the Muslim world–to countries that wouldn’t allow him in with an Israeli stamp on his passport, countries that boycott Israel and refuse entry to Israelis.
The thing is, with sales down in America–and how many overpriced, low-quality bras and panties does any American woman need?–Wexner will rely more and more on the anti-Semitic, anti-Israel Muslim world. I’ve warned over and over for more than a decade that American corporations will continue to pander to Islam (to our detriment) to get their business. And this is just another example. He could have gone into China, instead, but chose the Jew-haters. Wexner’s stores in the Gulf States aren’t even owned by his company because the Muslim world doesn’t allow it, in accordance with sharia. They make dhimmis like him license the name and products to wealthy sheikhs, and Wexner collects only royalties. And it’s more proof of the lie of “Islamic modesty.” If Muslim women were truly modest, they wouldn’t need anything sold by Victoria’s Secret and wouldn’t wear it to turn their camel-loving husbands on. But, as with everything regarding Islam, their “modesty” is a complete fraud. It’s just a point of faux-devout snootiness they use to attack the West. And, as you read this, ask yourself how much money Mohammad Alshaya has given to HAMAS or its supporters. How much money did he give in zakat (charity required by Islam), and to which extremist mosque, Islamic school, or financier of Al-Qaeda did it go? You’ll never know, and neither does Leslie Wexner. Not that he cares.
Limited Brands’ chief executive, Leslie Wexner, faces a perplexing question: Whether or not to install fitting rooms at lingerie boutiques in Saudi Arabia.
“It would be really a very ugly thing if there was any kind of even glimpse of a body,” Mr. Wexner told an audience of investors in New York on Wednesday. No curtains: Instead, “the doors have to go floor to ceiling.”
Mr. Wexner said he got that advice from Saleh Alshaya, an intern at Limited who is also the nephew of Kuwaiti retail tycoon Mohammed Alshaya. Such local knowledge is critical for Limited, whose brands include lingerie retailer Victoria’s Secret and home-accessory chain Bath & Body Works. The company is concentrating on the Middle East in its early days of international expansion.
All eyes are on Limited’s overseas prospects because of questions about how much steam it has left in the U.S. While the domestic business has shown little sign of slowing, sales per square foot are already back near their 2006 peak, and operating margins are at a record level.
The international potential looks huge, not least because of the brand recognition of Victoria’s Secret in countries where it doesn’t even have a retail presence.
But why the Middle East before China? While many fashion retailers generate huge revenue in the Far East, Mr. Wexner doesn’t want to risk a costly stumble, like those endured by the likes of Gap and Britain’s Marks & Spencer. And Limited has already grown comfortable in the Middle East with operating partner M.H. Alshaya, run by Mohammed Alshaya. Limited announced Wednesday that its first full-scale Victoria’s Secret stores outside North America will include three in the Middle East operated by the Kuwaiti company. On top of running Limited’s Bath & Body Works stores in the region, Alshaya has years of experience operating Aeropostale and H&M stores.
While the franchise arrangement will limit total revenue, it probably won’t undermine Limited’s profitability. At the new Victoria’s Secret stores in the Middle East, for instance, Limited will probably collect royalties equal to a low-double-digit percentage of sales, estimates Nomura’s Paul Lejuez. Given that Alshaya will bear major operating expenses, the revenue should boost Limited’s margins.
Remember this the next time you think of shopping at any of Leslie Wexner’s stores. If you do, you are financing dhimmitude.
Tags: Al-Victoria's Secret, Bath & Body Works, China, dhimmis, dhimmitude, Express, Islam, islamic "modesty", Islamic faux-modesty, Jihad, Kuwait, Kuwaiti, Leslie Wexner, Limited Brands, lingerie, M.H. Alshaya, Mohammed Alshaya, Muslim, Saleh Alshaya, sharia, The Limited, Victoria's Secret, Wexner Scholars