Tuesday, January 17, 2017
Women's apparel retailer Limited Stores files for bankruptcy
Limited Stores LLC, parent of U.S. women's apparel chain The Limited, said on Tuesday it filed for bankruptcy, the latest brick-and-mortar retailer to reorganize as shoppers shift to fast-fashion retailers and online competitors.
Retailers Aeropostale Inc and Pacific Sunwear of California Inc filed for bankruptcy last year.
Limited Stores said it also agreed to a "stalking horse" bid for its intellectual property and some related assets from an affiliate of private equity firm Sycamore Partners.. . . more