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Most notably, he acquired the lingerie business Victoria's Secret in 1982. Started as an MBA project by Stanford graduate Roy Raymond, Victoria's Secret attracted Wexner's interest due to the unique, high quality merchandise and Victorian-era decor of the shop which featured red-velvet sofas.
Les Wexner founded L Brands, a global retail empire that included Victoria's Secret and Bath & Body Works, and served as CEO for more than 5 decades.
Victoria's Secret was founded by Roy Raymond, and his wife, Gaye Raymond, [2][6][7] on June 12, 1977. [19][8] The first store was opened in the Stanford Shopping Center in Palo Alto, California. [8] Years earlier, Raymond was embarrassed when purchasing lingerie for his wife at a department store.
Victoria’s Secret has been sold — and Les Wexner is stepping aside. Parent company L Brands sold 55 percent of the intimates giant to Sycamore Partners for $525 million. The deal includes the...
Roy Larson Raymond (April 15, 1947 – August 26, 1993) [1] was an American businessman who founded the Victoria's Secret lingerie retail store in California in 1977. [2]
As heard in Victoria's Secret: Angels and Demons, Epstein would pose as a recruiter of Victoria's Secret models. Two senior executives were aware of Epstein's behavior in 1993 and alerted...
The Ohio-born Leslie “Les” Wexner is the billionaire founder of L Brands Inc., the one-time parent company of The Limited, Bath & Body Works, Abercrombie & Fitch, and Victoria’s Secret,...
Victoria's Secret honcho Leslie Wexner stepped down Thursday as chairman and CEO of the retail giant he started six decades ago, his reputation as a visionary businessman rattled by his...
After nearly six decades, founder and CEO Leslie Wexner will step down from his executive role at L Brands, the company announced Thursday. L Brands -- the conglomerate behind mall staples Victoria's Secret, Bath & Body Works and Pink -- will also separate into two companies.
Hulu's new docuseries delves into Victoria's Secret's history, and that of its CEO, Les Wexner. Here's everything to know about Les, and what he is doing now.