Victoria's Secret is the largest American retailer of lingerie and was founded by Roy Raymond in 1977.[1][4][5] 2012 sales were $6.12 billion[6] with an operating income of $1 billion.[7] The company sells lingerie, womenswear, and beauty products through its catalogs (sending out 375 million a year), website, and thousand of U.S. stores. Victoria's Secret is wholly owned by publicly traded L Brands company.[8]