×
1 857
Fashion Jobs
TK MAXX
Loss Prevention Officer - tk Maxx Bristol
Permanent · Bristol
LONDON CONTOUR EXPERTS
Marketing Executive/Junior Manager
Permanent · LONDON
ESTÉE LAUDER
Tom Ford - Business Manager - Flannels - Fosse Park, Leicester - 37.5 Hours - Full-Time - Permanent
Permanent · Leicester
VF INTERNATIONAL
International Account Coordinator - Ftc 12 Month
Permanent · NOTTINGHAM
TIMBERLAND
Credit Controller - German Speaking - Timberland
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - Italian Speaking - The North Face
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - French Speaking - The North Face
Permanent · CALVERTON
PINKO
Supervisor
Permanent · MANCHESTER
RALPH LAUREN
Operations Manager
Permanent · Cheshire
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Edinburgh, John Lewis - 37 Hours - Full-Time, Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - House of Fraser, Maidstone - 15 Hours - Part Time, Permanent
Permanent · Maidstone
ESTÉE LAUDER
Clinique - Consultant - Boots, Princes Street, Edinburgh - 14 Hours - Part Time - Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
HUGO BOSS
Wholesale - Senior Sales Executive - Hugo Womenswear
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Edinburgh - 16 Hours - Part Time, Permanent
Permanent · Edinburgh
SHISEIDO
Marketing Director - Shiseido, Clé de Peau Beauté, Drunk Elephant
Permanent · London
REISS
Buying Admin Assistant
Permanent · LONDON
Advertisements
By
Reuters
Published
Jan 17, 2017
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Women's apparel retailer Limited Stores files for bankruptcy

By
Reuters
Published
Jan 17, 2017

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.


ShopTwelveOaks


Retailers Aeropostale 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.

A "stalking horse" bid is a starting or minimum bid for an asset of a distressed company from a bidder chosen by the company. Such bids are aimed at preventing low bids for a distressed company's assets.

Limited Stores, which filed for Chapter 11 protection in the Delaware bankruptcy court, said on Friday it would close all its about 250 brick-and-mortar stores, effective Sunday.

Sun Capital Partners, the private equity owner of Limited Stores, disclosed on Friday in a letter to investors that Limited Stores is evaluating strategic alternatives for its remaining e-commerce business and intellectual property.

Sun Capital, which acquired a majority stake in Limited Stores in 2007 and bought the rest in 2010, also disclosed it had nearly doubled its investment in the company.

The reorganization plan and the asset sales are subject to approval from the bankruptcy court, Limited Storessaid.

Klehr Harrison Harvey Branzburg LLP is The Limited's legal adviser, while RAS Management Advisors LLC is its restructuring adviser. Guggenheim Securities LLC is the investment banker for the restructuring.

 

© Thomson Reuters 2021 All rights reserved.