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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 ...
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.
By 2015, sales were in decline and 2018 was the final year for the Victoria's Secret Fashion Show. [13] In 1993, Wexner hired Len Schlesinger, a Harvard Business School professor, whom he later appointed as a company director, to advise him. [14] [15] Over the years, Wexner built L Brands, a retailing and marketing conglomerate that included ...
As time went on, designs got more and more daring; the new era of Victoria's Secret focused on leather additions, studded hardware, and of course, the signature larger-than-life wings.
Sharen Jester Turney (née Jester) is a global business leader, and former president and CEO of Victoria's Secret (before 2019), a $7.7 billion company of which she led for a decade doubling the profit and increasing sales by 70%, Victoria's Secret is the largest retailer of intimate apparel, and the largest subsidiary of L Brands Inc (formerly Limited Brands Inc).
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Victoria's Secret is owning up to perpetuating "toxic culture" in response to a viral song named after the brand.. Singer-songwriter JAX shared the body empowerment anthem on social media where it ...
Victoria's Secret was a subsidiary of L Brands, with financials for PINK reported jointly with those of Victoria's Secret. In a 2009 letter to shareholders, the company's founder, Les Wexner , stated in that PINK had "brought vitality, youth, energy, and an all-new customer base to base Victoria's Secret."