The Limited Owner Almost Doubles Investment, but Closing All Stores

Sun Capital Partners Inc., the private equity owner of Limited Stores LLC, disclosed on Friday it has almost doubled its investment in the troubled U.S. women’s apparel retailer, even as it announced that it will shut all approximately 250 The Limited stores amid losses. Sun Capital Partners told investors in a letter that it has made 1.8 times its $50 million investment in Limited Stores, thanks to prior distributions and dividends, according to an email to investors seen by Reuters.