Wednesday, May 16, 2007

Limited Sells Majority Stake in Express

It's the end of an era for Leslie H. Wexner and the business he founded 24 years ago.The $11 billion Limited Brands Inc. has decided to sell off 67 percent of Express to Golden Gate Capital, a private equity firm, for $548 million, while retaining 33 percent.

source http://www.wwd.com

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