The Fragrance Foundation has announced that Leslie H. Wexner, the founder, chairman and chief executive officer of L Brands, will be honored with the Fragrance Foundation Hall of Fame Award at the 2016 Fragrance Foundation Awards on June 7 at Alice Tully Hall at Lincoln Center in Manhattan. The annual award honors a prominent individual “who has brought extraordinary ingenuity, business acumen and world-class creativity to the fragrance industry.”

Wexner founded L Brands in 1963, with a $5,000 loan from his aunt. He opened his first store in the Kingsdale Shopping Center in Columbus, Ohio. Often credited as the founder of specialty retailing, Wexner’s first store sold a limited selection of pants and blouses for women. He called it The Limited. In the ensuing years, Wexner, went on to create some of North America’s most iconic specialty retailers, including Victoria’s Secret, PINK, Bath & Body Works, Henri Bendel, La Senza, Abercrombie and Fitch and Express.