The deal comes as Limited closes its sale of 75% of its624-store Express chain to Golden Gate Capital for $602 million.Limited is selling the chains to concentrate more on itsintimate-wear and personal-care outfits, Victoria's Secret and Bath& Body Works.
Sun Capital management says it plans to grow the Limited chain.Limited Stores' same-store sales rose 5% in May year over year,after sliding 6% in April. Express was up 9% in April and increased4% in May.
Sun Capital, based in Boca Raton, FL, is no stranger to retailacquisitions. It owns interests in discounters Mervyns and ShopKo,Marsh Supermarkets and restaurant chains Fazoli's, Garden Fresh andReal Mex.
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