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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 ...
After Wexner assumed ownership, Victoria's Secret became widely known for marketing its items with the use of super models featured in an annual fashion show, overseen by Ed Razek. [13] 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 ...
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 has been sold — and Les Wexner is stepping aside.Parent company L Brands sold 55 percent of the intimates giant to Sycamore Partners for $525 million. The deal includes the ...
Leslie H. Wexner is leaving Victoria’s Secret. Parent company L Brands revealed Thursday that the company’s founder, chairman emeritus and former chief executive officer would not stand for ...
Sharen Jester Turney (née Jester) is a global business leader, and former president and CEO of Victoria's Secret (before 2019), [1] a $7.7 billion company of which she led for a decade doubling the profit and increasing sales by 70%, [2] [3] Victoria's Secret is the largest retailer of intimate apparel, and the largest subsidiary of L Brands Inc (formerly Limited Brands Inc). [4]
La Senza was founded in Canada by Laurence Lewin and Irving Teitelbaum, who opened the company's first store in 1990. In October 2006, La Senza was purchased by L Brands of Columbus, Ohio for $710 million CAD in cash, a company which already owned Victoria's Secret.
Pink (Victoria's Secret) Pink (stylized PINK) is a lingerie and apparel line by Victoria's Secret, a former subsidiary of L Brands, targeting younger women than their main line. The target demographic skews younger from teenage girls (13-18) to young adult women through their mid-twenties (18-25). [1] PINK had a regular segment featuring their ...