SAN FRANCISCO -- Roy Raymond, who helped bring lingerie to the masses by founding the Victoria's Secret retail chain, was found dead in San Francisco Bay, an apparent suicide, authorities said Wednesday. He was 47.
The Coast Guard found his body near the Marin County shoreline, hours after he was seen walking toward the Golden Gate Bridge. Investigators determined that Mr. Raymond killed himself, said Dorothy Washington of the coroner's office.
Mr. Raymond opened his first Victoria's Secret shop 16 years ago in the Stanford Shopping Center with a $40,000 bank loan and $40,000 borrowed from relatives.
The company earned $500,000 its first year. Its five stores and a 42-page mail-order catalog were grossing $6 million when he sold the firm for about $1 million in 1982.
Two years later, Mr. Raymond started My Child's Destiny, a retail store for young professionals. It went bankrupt in 1986.