
Organization
Victoria's Secret was rated high risk because it has adopted race and identity-based policies and philanthropic practices that prioritize demographic outcomes over merit, according to the profile. The company was also flagged for engaging in politically charged corporate actions and governance choices that shift focus away from core business objectives toward divisive social issues.
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Victoria's Secret is an American lingerie, clothing and beauty retailer. Founded in 1977 by Stanford graduate student Roy Raymond and his wife Gaye, the company's five lingerie stores were sold to Les Wexner in 1982. Wexner rapidly expanded into American shopping malls, expanding the company into 350 stores nationally with sales of $1 billion by the early 1990s, when Victoria's Secret became the largest lingerie retailer in the United States.