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He had a great idea followed by a lot of failure and didn't sound like a very bright businessman. I wouldn't be surprised if he got screwed, but we can't really know what the situation was without seeing the financials. Grossing $6 million doesn't tell us what their net profit was, etc.
Actually his idea was not great. Wexner was the one who came up with the winner. He moved the direction form selling lingerie to men to selling it to women with a European and sexi flare.
Actually his idea was not great. Wexner was the one who came up with the winner. He moved the direction form selling lingerie to men to selling it to women with a European and sexi flare.
You're right - a business that brought in $6 million in revenue wasn't at all great.
You're right - a business that brought in $6 million in revenue wasn't at all great.
HA! Right?
Raymond opened the first Victoria's Secret with a $40,000 bank loan and borrowed $40,000 from his in-laws. The company earned $500,000 in its first year. He quickly started a mail order catalog and opened three more stores, etc.
Raymond opened the first Victoria's Secret with a $40,000 bank loan and borrowed $40,000 from his in-laws. The company earned $500,000 in its first year. He quickly started a mail order catalog and opened three more stores, etc.
I think that was gross revenue not net. I would doubt the business was making 500 grand when he sold it.
I think it was a suicide attempt. Epstein knows that if convicted he faces the rest of his life in prison. I don't think he has reached the point where he is ready to cut a deal for the best prison housing, or he has concluded that even if he cut that deal other prisoners will attack him.
He is depressed, not angry at others who joined him in his game.. yet. Keep in mind he will be in his current prison housing until his attornies either get the current charge dismissed or he goes on trial, and that other charges based on porn may be pending.
If he does commit suicide what happens to cases against others?
I think he did it to see if he can get out on bail, he didn't do it to commit suicide.
"In 1982, Victoria's Secret had grown to five stores, a 40-page catalog, and was grossing $6 million annually. Roy Raymond (the founder of Victoria's Secret) sold Victoria's Secret Inc. to Leslie Wexner for $1 million."
How often is a company that grosses $6 million annually sold for $1 million?
So many strange things about this case.
‘His Weapons Were His Hands’: California Model Says Epstein Posed as Victoria’s Secret Scout to Grope Her
Perhaps the most drastic step of all came in 1991, when Wexner signed a power of attorney giving Epstein “full power and authority to do and perform every act necessary.”
Epstein had control of Wexner’s financial affairs for the next 16 years, and he managed to scoop up assets previously owned by Wexner or his companies during that period, including a New York mansion for which there are no publicly filed documents showing the purchase, according to the Times. Epstein also went on to take on leadership positions in two of Wexner’s foundations. https://news.yahoo.com/weapons-were-...031433494.html
‘His Weapons Were His Hands’: California Model Says Epstein Posed as Victoria’s Secret Scout to Grope Her
Perhaps the most drastic step of all came in 1991, when Wexner signed a power of attorney giving Epstein “full power and authority to do and perform every act necessary.”
Epstein had control of Wexner’s financial affairs for the next 16 years, and he managed to scoop up assets previously owned by Wexner or his companies during that period, including a New York mansion for which there are no publicly filed documents showing the purchase, according to the Times. Epstein also went on to take on leadership positions in two of Wexner’s foundations. https://news.yahoo.com/weapons-were-...031433494.html
I don't see how your post is a response to mine. Did you intend to quote someone else?
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