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On June 12, 1977, [2] Victoria's Secret was founded by Roy and Gaye Raymond [6] in Delaware. [7] Raymond opened the first Victoria's Secret store at the Stanford Shopping Center in Palo Alto, California. [8] Raymond was inspired to start Victoria's Secret after feeling embarrassed purchasing lingerie for his wife in a department store.
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 ...
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 ...
Founded by Roy Raymond in the late Seventies, who felt awkward buying lingerie for his wife in his local department store, Victoria’s Secret began life as a women’s underwear shop aimed ...
The name “Victoria” was chosen to evoke an element of British respectability associated with the Victorian era. But her secrets… well, you’d have to come inside to find out.
1977: Victoria's Secret. Tired of feeling uncomfortable while shopping for lingerie for his wife, Roy Raymond started his own lingerie store in Palo Alto, California, in the late '70s. Victoria's ...
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. [77]
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 (~$2.67 million in 2023). [7] Also in 1982, 207 Lane Bryant stores were purchased.