He recently persuaded 92-year-old Stanley Marcus, the legendary retired chairman of Neiman Marcus, to make an investment and join the Oxxford board.

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In later years Stanley Marcus became a much-interviewed guru of retail selling.

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Wexner is one of the three smartest retailers I ever met (Stanley Marcus of Neiman Marcus and Carl Sewell, of the Sewell Automotive Companies are the other two) and if you are going to steal, steal from the best, is the Brown family motto.

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But Marcus Hiseman, the head of European corporate-debt capital markets at Morgan Stanley, says there is increasing demand from other companies, which need somewhere to put their cash piles.

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