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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 ...
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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] In 2013 ...
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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.