(Reuters) - Limited said on Friday it would double the size of its stock buyback program, cut 10 percent of its corporate jobs, raise $1.25 billion of debt, and was exploring alternatives for its Limited chain and other core assets including real estate.
CL King analyst Mark Montagna said on Monday Limited, which aims to shed underperforming apparel brands to focus on sexy undergarments and fragrant lotions, seemed close to selling the Limited chain, and would likely sell its interest in the Easton Town Center, a complex with dozens of stores, restaurants, and bars in Columbus, Ohio.
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CL King analyst Mark Montagna said on Monday Limited, which aims to shed underperforming apparel brands to focus on sexy undergarments and fragrant lotions, seemed close to selling the Limited chain, and would likely sell its interest in the Easton Town Center, a complex with dozens of stores, restaurants, and bars in Columbus, Ohio.
Read more at Reuters.com Bonds News
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