Victoria Secret is the largest lingerie retailer in the United States - Country. Their sales in 2012 exceeded $6 billion USD.
The company sells lingerie, woman's wear and beauty products through its 1,000 U.S. stores, catalogs (annually mailing out 375 million) and website. Victoria's Secret is wholly owned and the largest holding of publicly traded L Brands company. [+]
Victoria's Secret was founded by Roy Raymond on June 12, 1977. His intent was to create a space where "men could buy lingerie and not be made to feel deviant." In 1982 businessman Leslie Wexner purchased Victoria's Secret for $1 million USD. Wexner revamped the Victoria's Secret catalogue and repositioned the retailer in a way that made it more appealing to women. By 1995 Victoria's Secret netted $1.9 billion USD and had 670 stores nationwide.
After selling Victoria's Secret to Wexner, Raymond started a children's retail store. It went bankrupt in 1986. In 1993 Raymond killed himself by jumping off the Golden Gate Bridge.