For a Limited Time Only
May 1, 2007 12:00 PM
Limited Brands Inc., is considering selling its underperforming apparel chains Limited and Express to concentrate on its Bath & Body Works and Victoria's Secret brands, according to published reports.
Women's Wear Daily reported the Columbus, Ohio-based retailer has a price tag of $1 billion for the pair.
The chain started in 1963 with the Limited before branching out with numerous other specialty retailers including Lerner, Lane Bryant and Abercrombie & Fitch. Over the past five years it has sold those brands except Express and Limited.
The two represented just $2.2 billion of the company's $10.7 billion in sales last year.
“I am a fan of the sale,” said Richard Jaffe, a retail analyst at Stiffel Nicolaus. “Focusing on Victoria's Secret and Bath & Body Works would likely contribute to a higher P/E multiple.”
