Haley Johnson

Victoria's Secret Pink

Type of business

Victoria's Secret Pink is a corporation. It is a corporation because there are many people who work for the company. Two benefits of a corporation are instant credibility and tax flexibility and incorporation tax benefits.

Facts

  • The original founder jumped off of The Golden Gate Bridge.
  • The company headquarters is located in Columbus, Ohio.
  • The first store was opened in Palo Alto, California in 1977.
  • Leslie Wexner, who is the current owner of Victoria's Secret is the richest man in Ohio.
(Where this information was found - http://www.forbes.com/profile/leslie-wexner/)

Invest in this company?

I would invest in this business because it's doing really good right now. This business has been around for several years and is not showing any signs of going out of business.

Founder

The founder of Victoria's Secret Pink is Roy Raymond. He had gotten a $40,000 bank loan and another $40,000 from his in-laws and started the business. Roy had made $500,000 from his business in just one year. He then started a catalog and opened three more stores. Five years later he sold his business to Leslie wexner and the limited for $4 million.
(where this information was found - http://www.slate.com/articles/business/when_big_businesses_were_small/2013/10/victoria_s_secret_founding_roy_raymond_had_a_great_idea_but_les_wexner_was.html)