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Victoria's Secret is an American lingerie, clothing and beauty retailer. Founded in 1977 by a Stanford Student and his wife, Roy and Gaye Raymond, [5] [6] the company's five lingerie stores were sold to Les Wexner in 1982. [7]
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 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." [30]
Lauren Sherman and Chantal Fernandez are co-authors of Selling Sexy: Victoria's Secret and the Unraveling of an American Icon. In this podcast, they join Motley Fool host Mary Long to talk about ...
The firestorm came to a head in 2019 when the company sunsetted its Victoria’s Secret Fashion Show—the reason likely being a combination of declining television ratings and the vision of ...
Emma Walmsley's GSK is settling its Zantac lawsuits for $2.2 billion, a space startup hits a milestone, and two authors share an excerpt of their new book, Selling Sexy: Victoria's Secret and the ...
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 ...
And in the first trailer for Victoria’s Secret: Angels and Demons, audiences get a preview of the shocking story of the lingerie company’s rise and fall – and its unexpected connections to ...