Victoria's Secret is an American lingerie , clothing, and beauty retailer known for high visibility marketing and branding, starting with a popular catalog and followed by an annual fashion show with supermodels dubbed Angels. As the largest retailer of lingerie in the United States, the brand has struggled since due to shifting consumer preferences and ongoing controversy surrounding corporate leadership's business practices. Founded in by Roy and Gaye Raymond ,   the company's five lingerie stores were sold to Leslie Wexner in From through , the Victoria's Secret Fashion Show was an essential part of the brand's image featuring an annual runway spectacle of models promoted by the company as fantasy Angels.
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