- Victoria's Secret is an American designer, manufacturer and marketer of women's premium lingerie, womenswear and beauty products
- With 2012 sales of $6.12 billion, it is the largest American retailer of women's lingerie
Victoria's Secret Net worth 2024 (estimated)
| How much is Victoria's Secret worth? | Under review
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What is Victoria's Secret? / Facts
- Victoria's Secret is wholly owned by L Brands, a publicly traded company
- Roy Raymond opened the first Victoria's Secret store on June 12, 1977 at the Stanford Shopping Center after feeling embarrassed trying to purchase lingerie for his wife in a public department store
- To open the store, he took a $40,000 bank loan and borrowed $40,000 from from his parents to found Victoria's Secret: a store in which men could feel comfortable buying lingerie
- Raymond picked the name Victoria to associate with the refinement of the Victorian era
- The Secret was what was hidden underneath the clothes
- The company's first store was located in Stanford Shopping Center in Palo Alto, California
- The company earned $500,000 in its first year and Raymond promptly started a mail order catalog and opened three more stores
- In 1982, Raymond sold the Victoria's Secret company, with its six stores and 42-page catalogue, grossing $6 million per year, to Leslie Wexner, the founder of The Limited, for about $1 million
- By the early 1990s, Victoria's Secret had become the largest American lingerie retailer, topping $1 billion
Bio / wiki sources: Wikipedia, accounts on social media, content from our users.
Wiki & wealth sources: Wikipedia, TMDb, social media accounts, users content, wealth specialized websites Photo credit: https://www.wikipedia.org/ Last update: 03 September 2020 We do our best for being accurate. If something seems incorrect, please contact us! |
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