Retail Industry
Industry: Email Alert RSS FeedLIMITED SELLS MAJORITY STAKE IN EXPRESS FOR $548M.(Limited Brands Inc. sells stake in Express div. to Golden Gate Capital)
Daily News Record, May, 2007 by Moin, David; Palmieri, Jean E.
Byline: David Moin, Jean E. Palmieri
NEW YORK - Express is changing hands.
Last week, Limited Brands Inc. said it would sell 67 percent of Express to Golden Gate Capital, a private-equity firm, for $548 million. In addition, the company will explore options for the Limited Stores division, including possibly selling it off.
"Over the last decade we have changed a lot and evolved, putting greater emphasis on personal care, intimate apparel and beauty," Leslie H. Wexner, chairman and CEO of Limited Brands, said on a recorded message.
The restructuring of Limited is a culmination of almost a decade of steamrolling ahead with its Victoria's Secret and Bath & Body Works divisions, while largely stagnating on the apparel side. ...
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Most Recent Reference Articles
- A Maryland state trooper gave Erik Bonstrom an $80 ticket for driving too slowly
- In California, postal worker Dean Hudson has been found guilty
- Alec Loorz, the 15-year-old founder of Kids vs. Global Warming and recent Brower Youth Award recipient, went to Congress in November for a press conference with Senators Barbara Boxer and John Kerry, who are championing legislation to stabilize US greenho
- Foreign exchange
- The buzz on bees
Most Recent Reference Publications
Most Popular Reference Articles
- Credit card debt on college campuses: causes, consequences, and solutions
- 9 questions to ask your new lover: what you were afraid to ask, but always wanted to know
- How Tyler Perry rose from homelessness to a $5 million mansion
- Rejoice anyway - Zephaniah 3:14-20, Philippians 4:4-7 - Living by the Word - Column
- Living by the word
Presented by American Express