BOCA RATON, Fla.--(BUSINESS WIRE)--Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, today announced that one of its affiliates has completed the acquisition of Limited Stores, a retailer of contemporary upscale branded women’s apparel. Limited Stores was formerly a non-core operating division of Limited Brands (NYSE:LTD), the parent company for such leading specialty personal care, beauty, and lingerie brands as Victoria’s Secret and Bath & Body Works. Terms of the acquisition were not disclosed.
In connection with the transaction, Linda Heasley has been appointed Chief Executive Officer and Chairman and Avra Myers has been appointed President and General Merchandise Manager of Limited Stores.
Linda Heasley, Chief Executive Officer and Chairman, Limited Stores, said, “With the backing of Sun Capital, we are truly positioned to win and to redefine success at Limited Stores. That's an exciting proposition for our associates and our customers, and I am thrilled to be a part of the brand's bright future.”
Aaron Wolfe, Vice President, Sun Capital Partners, Inc., added, “We are pleased that our affiliate has completed the acquisition of Limited Stores, which joins our growing portfolio of fourteen apparel and specialty retail affiliates. We look forward to working with Limited Stores as they refocus the company’s merchandising strategy and improve operating efficiencies throughout its distribution channel.”
Greenberg Traurig LLP acted as legal advisor to Sun Capital Partners in connection with the Limited Stores.
About Limited Brands, Inc.
Limited Brands, through Victoria’s Secret, Bath & Body Works, C.O. Bigelow, La Senza, White Barn Candle Co. and Henri Bendel, presently operates 3,140 specialty stores. The company’s products are also available online at www.VictoriasSecret.com, www.BathandBodyWorks.com and www.LaSenza.com.
About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in and managed more than 160 companies worldwide with combined sales in excess of $35 billion since Sun Capital’s inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, and New York, as well as affiliates with offices in London, Tokyo, and Shenzhen. For more information, please visit www:SunCapPart.com