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Founded
Founded in San Francisco California in 1967 by Roy Raymond -
Raymond sold VS to Wexner
- Raymond sold Victoria's Secret Inc. to Leslie Wexner, creator of Limited Stores Inc of Columbus, Ohio, for $1 million
- Victoria's Secret grew to five stores
- 40-page catalog
- $6 million annually
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Quality Problems
Brand faced a gap in management leading to the company being "plagued by persistent quality problems" -
Growth
Brand's 1,000 stores across the US accounted for one-third of purchases in the intimate apparel industry