Victoria's Secret certainly has a wonderful history, it all started when a graduate student from Stanford Graduate School Of Business felt rather embarassed when it came to purchasing beautiful lingerie for his wife from a department store. His name was Roy Raymond who was located in San Francisco, California. In 1977 Roy borrowed $40000 from his in-laws and another $40000 bank loan & decided to open his first store at Stanford Shopping Center, thus 'Victoria's Secret' was born.
It made $5,00,000/- in the first year of operations. After 5 years of operation Roy Raymond sold Victoria's Secret to ''The Limited'' for $4 Million, Happy ending , right?
But after just 2 years of operations under "The Limited" its worth was $500 million seeing which Roy plummeted to his death off of the Golden Gate Bridge
Moral of the story
"Never sell off anything till you find its True value"
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