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Stanford Graduate School of Business ( MBA; 1971) Occupation. Entrepreneur. Known for. Founder of Victoria's Secret. Spouse (s) Gaye Raymond (m. 1970s; div. 1990) 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]
Victoria's Secret is an American lingerie, clothing, and beauty retailer. Founded in 1977 by Roy and Gaye Raymond, [6] [7] the company's five lingerie stores were sold to Les Wexner in 1982. [8] Wexner rapidly expanded into American shopping malls, growing the company into 350 stores nationally with sales of $1 billion by the early 1990s, when ...
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. Wexner described Raymond as "very guarded", stating ...
A 23-year-old nurse, mother to a 10-month-old girl, is among the four people killed in Friday’s mass shooting at an Arkansas grocery store.. Callie Weems died when rounds and fragments from a ...
A California man has been arrested in connection with a massive organized retail theft ring after officials found a warehouse stashed with $5 million-worth of stolen Nike merchandise. Roy Lee ...
On August 26, 1993, Roy Raymond, the founder of Victoria's Secret, died after intentionally jumping off the Golden Gate Bridge at the age of 46. Last seen walking toward the bridge, Raymond's body was shortly thereafter washed up on a shoreline in Marin County; investigators concluded that he had killed himself by jumping from the bridge.
The 1980s started a string of acquisitions. In 1982, the Victoria's Secret brand, store, and catalogue were purchased from Roy Raymond for $1 million. Also in 1982, 207 Lane Bryant stores were purchased. In 1985, the exclusive Henri Bendel store on Fifth Avenue in New York City was purchased for $10 million and 798 Lerner stores
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