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Raymond was inspired to start Victoria's Secret after feeling embarrassed purchasing lingerie for his wife in a department store. To open the store, he borrowed $40,000 from a bank and $40,000 from his family. Roy and Gaye Raymond worked together to design and launch the first store with a Victorian-inspired style.
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 ...
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.
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 ...
Roy Raymond 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 ...
FIRST PERSON: Plummeting sales have forced Victoria’s Secret to bin its planned ‘feminist rebrand’. The plan sat a little strangely with Ellie Muir anyway; she recalls her time working at ...
(CVS says its closures of 900 stores over three years were partially to reduce overlap, while Walgreens is closing 200 U.S. stores as a cost-cutting measure; spokespeople for both companies say ...