Limited Brands Announces Sale of Remaining Stake in Limited Stores

June 18, 2010 at 1:21 pm Leave a comment

Limited Brands, Inc. announced the sale of its remaining 25 percent stake in Limited Stores, LLC. Under the transaction terms, Limited Stores, LLC, which operates retail locations called The Limited, purchased Limited Brand’s remaining interest in the company for $32 million.

In 2007, Limited Brands sold a 75 percent stake in Limited Stores to an affiliate of Sun Capital Partners, a private investment firm that now owns 100 percent of Limited Stores. Limited Stores has more than 220 mall locations throughout the United States.

“This sale supports our focus on intimate app…

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Source Link : Fibashion.com

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