News
« Federated Invests In Futuristic Mall Concept | | Federated Posts Q1 Income Boost, Plans Name Change »
May 16, 2007
Limited Sells Express Stake To Golden Gate
Limited Brands Inc. is cutting Express loose by selling a 67 percent stake to Golden Gate Capital. The decision comes as part of Limited’s focus on lingerie and beauty products, following a long stagnation in the company’s apparel business.
Limited will still retain a 33 percent stake in Express, but its concentration will be on its Victoria’s Secret and Bath & Body Works brands.
The move reflects an overall downturn in the mass market apparel sector, where brands like Gap and Abercrombie & Fitch continue to struggle with competition from fast fashion retailers like H&M and discount chains like Target.
Posted by Blacks on May 16, 2007 09:30 AM
Comments
Post a comment