Has Victoria's Secret sold its brand image to the Angels?

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The original premise of Victoria's Secret's disruption of the American lingerie market sprang from a familiar source: frustration. Founder Roy Larson Raymond, shopping for his wife in the 1960s, could find only dowdy underwear at department stores or pin-up/bondage-wear from Frederick's of Hollywood (founded decades before by the inventor of the original push-up bra).

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