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Victoria's Secret is an American lingerie, clothing, and beauty retailer. Founded in 1977 by Roy and Gaye Raymond, the company's five lingerie stores were sold to Les Wexner in 1982.
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Roy Larson Raymond (April 15, 1947 – August 26, 1993) was an American businessman who founded the Victoria's Secret lingerie retail store in California in 1977.
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Six months later, when Raymond was facing bankruptcy, he contacted Wexner and offered to sell Victoria's Secret. Wexner bought the company for $1 million, and by 1992 it was worth an estimated $1 billion.