Love And Money: Why The Man Behind Victoria's Secret Killed …

Following his disastrous visit to the department store, Raymond had an epiphany. He spoke with other male friends and came to the realization that there was a huge gap in the women's underwear market. There wasn't a single place where a man could buy lingerie and not be made to feel like a deviant. Raymond wanted to change that. His idea was to ope...

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Roy Raymond Victoria’s Secret Founder - Baltimore Sun

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Sep 3, 1993 · Mr. Raymond opened his first Victoria’s Secret shop 16 years ago in the Stanford Shopping Center with a $40,000 bank loan and $40,000 borrowed from relatives. The …

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How did Victoria's Secret start?

Quite literally, Victoria’s “secrets” were hidden beneath. Armed with $80,000 and a lot of guts, Raymond and his wife leased a small space in a mall in Palo Alto, California, and opened a lingerie store. Hence, Victoria’s Secret was born. Victoria’s Secret revolutionized the way people think about lingerie during that time. ...

What happened to Victoria's Secret?

By 1995, Victoria's Secret had 670 stores in the United States and $1.9 billion in sales. Today, Victoria's Secret is the most popular apparel brand in the world with annual revenues of nearly $5 billion. Unfortunately, as Victoria's Secret's success skyrocketed after Raymond's exit and Wexner's makeover, Raymond himself floundered. ...

Who invented Victoria's Secret?

In 1977, with $80,000 of savings and loans from family, Raymond and his wife leased a space in a small shopping mall in Palo Alto, California, and Victoria's Secret, was born. To understand how novel Raymond's idea was, it helps to have a little context. In the 1950s and '60s, underwear was all about practicality and durability. ...

Why is Victoria's secret so famous?

It stands out for its refined and flattering designs for the female figure, but its story has a tragic origin. Victoria's Secret was founded in 1977 by American Roy Raymond . This entrepreneur used to feel sorry when he went to department stores to buy his wife's underwear. The fluorescent lights and the vendors made him feel like a pervert. ...

Did Victoria's Secret have a tragic ending?

The story of Victoria’s Secret is well-known among those interested in fashion and business. It serves as a prime example of how a pragmatic business approach can overshadow a romantic notion. Unfortunately, for the founder of this global brand, the story had a tragic ending. ...

Did you know the founder of Victoria's Secret had a genius idea?

Stanford MBA Roy Raymond had an innovative idea for a high-end lingerie store. He couldn't see just how far it could go. Unable to shop for lingerie for his wife at a department store without feeling embarrassed, he came up with the concept for a store that didn't make customers feel uncomfortable. ...