2007
Comments on the Article blog are now OFF! If you wish to leave feedback or your opinion of an article individual threads will be created in the Dobizo Community for further discussion. Go to discussion by Clicking Here Now
Roy Raymond was the founder of? $5.1 billion dollar Victoria’s Secret??intimate apparel line, which he started in San Francisco, California in 1977. He opened his first Victoria Secret’s Shop in Stanford Shopping Center with a $40,000 bank loan and another $40,000 from relatives. (Wish I had relatives with that kind of money when I started
) In his first year in business Victoria Secret’s earned $500,000 and by the time he sold it for $1 million in 1982?his five shops and booming mail-order catalogue was grossing $6?million a year….what the hell is wrong with this guy? He must have been in some kind of debt or owed a large amount of money to sell a $6 million dollar a year company for?only $1 million?:(.??
Years later Roy Raymond started My Child’s Destiny and was a specialty retail store for children. It went bankrupt in 1986…maybe had something to do with his suicide years later. He was found dead by Marine County shoreline on September 2, 1993 hours after being seen walking around the Golden Gate Bridge. Investigators later confirmed that it was a suicide.
Serious about starting a clothing line? If so subscribe to our free newsletter for exclusive articles/updates that you don't want to miss! or Our RSS Feed
Continue This Discussion In Dobizo Forum
Popularity: 2% [?]
Want To Learn How To Start A Clothing Line From a proven fashion industry professional? If so Click Here to take a listen 100% Free to how you can succeed in the fashion industry from Ceo's of million dollar apparel industry businesses.


















July 10th, 2007 at 1:28 am
Wow. Interesting info. And selling Vicki’s Secret’s for $1 million? That’s decimal dust!!! He must have had a “habit” if you know what I mean. Pure speculation, but it could explain such a bad biz move. How much is the company worth now?
July 10th, 2007 at 12:34 pm
It is stated at the beginning of the article 5.1 billion…way more than 1 or 6 million…