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Sep 26, 1993 · Mr. Raymond's next business after Victoria's Secret was an upscale children's store called My Child's Destiny. Catering to professional couples, the store sold computer games,...
For approximately a year after the sale to Wexner, Raymond stayed on as president of Victoria's Secret while working towards the start of his next company, an upscale store for children called My Child's Destiny.
- Roy Was 13 Years Old When He Started His First Business. Roy Larson Raymond was born on 15thApril 1947 in Connecticut. He had a normal childhood but was always attentive.
- He Had A Lightbulb Moment At A Department Store. Roy Raymond was a graduate student at Stanford’s Graduate School of Business in the 1970s when he had an idea that would shape the future of retail.
- Roy Originally Called It ‘Victoria’s Secret: A Store For Men’ When Roy Raymond opened the first Victoria’s Secret in Palo Alto, California in 1977, its full original name was “Victoria’s Secret: A Store for Men.”
- He Started Victoria’s Secret With $80,000. In 1977, 30-year-old Roy started Victoria’s Secret himself using $80,000, half of which he had borrowed from the bank and the other half he had borrowed from relatives.
Nov 13, 2013 · After selling the company to Wexner, Raymond stayed on as president of Victoria's Secret for about another year before leaving to open My Child's Destiny, a high-end children's retail and ...
- Naomi Barr
Sep 30, 2014 · (Raymond's next business went bankrupt in 1986, he got divorced in 1993, and he jumped off the Golden Gate Bridge later that year.) Wexner got to work restructuring Victoria's Secret.
Feb 21, 2020 · In 1982, Raymond sold the failing San Francisco company for $1 million to Wexner. Two years after Wexner took it over, Victoria’s Secret made $500 million in sales.
Roy Raymond just wanted to buy some lingerie for his wife without feeling like a creep. 20 years later the company he created Victoria's Secret is worth billions.
