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The Limited is closing all of its 250 stores

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follow the latest news about business from different sites most famous technicals /Jessica Dinapoli by 2017-01-07 at 7:52

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The Limited owner almost doubles investment, but closing all stores

The Limited owner almost doubles investment, but closing all stores*/

– Sun Capital Partners Inc, the private equity owner of Limited Stores LLC, disclosed on Friday it has almost doubled its investment in the troubled U.S. women’s apparel retailer, even as it announced that it will shut all approximately 250 The Limited stores amid losses.Sun Capital Partners told investors in a letter that it has made 1.8 times its $50 million investment in Limited Stores, thanks to prior distributions and dividends, according to an email to investors seen by Reuters.Sun Capital also said in the letter that it is writing down the remaining equity value of Limited Stores to zero.
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The Limited closing stores across the country — Charlotte included

The Limited closing stores across the country — Charlotte included*/

– Home of the Day Sponsor Listing Luxuriously Appointed Home in CharlotteShoppers in the Queen City may have started to notice signs — literally — that The Limited is diminishing its presence in the Charlotte region.Reports have been swirling since December about Limited Stores’ possible plans to file bankruptcy in the coming weeks after posting “very disappointing” third-quarter results.CBJ sister publication Columbus Business First also has covered recent job cuts at the retail chain’s corporate headquarters in New Albany, Ohio.
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The Limited is closing all of its 250 stores

The Limited is closing all of its 250 stores*/

– The Limited store in San Jose.(AP Photo/Paul Sakuma)The Limited has posted a message on its website saying it is closing all of its 250 stores nationwide, a move that would make the women’s apparel chain the latest big-name retailer to be wounded by shoppers’ growing preference for online shopping and “fast fashion.”The posting said that the chain’s website would continue to be open for business.There had been a steady drumbeat of evidence that trouble was brewing at The Limited.
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The Limited is closing its Charlotte-area stores

The Limited is closing its Charlotte-area stores*/

– Surveying the retail landscape in the Charlotte region and beyond
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