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What’s a company that objectively improved after it got “bought out?” (lemmy.world)

submitted 1 year ago* (last edited 1 year ago) by ch00f@lemmy.world to c/asklemmy@lemmy.world

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Everyone knows the tale of Brand X getting bought out by some faceless global conglomerate and going to shit, but does the opposite ever happen?

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[-] ImplyingImplications@lemmy.ca 131 points 1 year ago

Victoria's Secret was started by a businessman who felt like there should be a store for men to buy lingerie for women. It didn't go so well. The stores were on the verge of bankruptcy and the company was bought out. The new owner marketed the store towards women and it became the largest lingerie retailer in the US.

[-] mosiacmango@lemm.ee 75 points 1 year ago* (last edited 1 year ago)

Less fun fact : the Ceo of victoria secret,who stepped down in 2020 largely due to these allegations, was heavily involved with Epstein, including giving him a free multi million dollar house, and letting him have "hire and firing" rights at victoria secrets to recruit victims by advertising that he was looking for models.

[-] Pregnenolone@lemmy.world 7 points 1 year ago

and then the businessman killed himself

[-] CmdrShepard@lemmy.one 3 points 1 year ago

Out of curiousity, when did this switchover happen?

this post was submitted on 30 Sep 2023

260 points (96.1% liked)

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