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The Limited
The Limited was an American clothing retailer that operated retail stores between the early 1960s and the late 2010s. After 2007, it became a brand, originally owned by the private equity firm Sun Capital Partners, now owned by another private equity firm Sycamore Partners. In January 2017 The Limited shut down all of its 250 stores, laid off 4,000 workers and filed for bankruptcy. History Bella Cabakoff was born in Williamsburg, Brooklyn and moved to Columbus, Ohio as a toddler. At 21, she became the youngest buyer for the Lazarus department store chain. In 1951, after spending over 20 years with Lazarus, she and her husband Harry Wexner opened a women's clothing store named Leslie's (after their son) on State Street. This store became the training ground for Leslie Wexner. In 1963, he borrowed $5,000 from his aunt and $5,000 from the bank and opened a store at the Kingsdale Shopping Center in Upper Arlington. This store was named "The Limited" because the store focused on clothi ...
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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New Albany, Ohio
New Albany is a city in the U.S. state of Ohio, located northeast of the state capital of Columbus. Most of the city is located in Franklin County and a small portion extends into adjacent Licking County. New Albany had a population of 10,825 at the 2020 census. Founded in 1837, it is now a growing suburb in the Columbus metropolitan area. History The land that was to become the city was founded in the center of Plain Township in 1837 by Nobel Landon and William Yantis. Land was split into lots measuring by and sold to new settlers. One theory about the name "New Albany" is that some of the original settlers migrated from the Albany, New York, area. Albany, Ohio was laid out in about 1832, which was prior to the founding of New Albany. During its history, the community has also been known by the name of "Hope". In 1856, New Albany was incorporated with a population of 50, and the first mayor (S. Ogden) was elected. The Wilkins Lumber Mill, later renamed the New Albany Mi ...
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Women's Wear Daily
''Women's Wear Daily'' (also known as ''WWD'') is a fashion-industry trade journal often referred to as the "Bible of fashion".Horyn, Cathy"Breaking Fashion News With a Provocative Edge" ''The New York Times''. (August 20, 1999). It provides information and intelligence on changing trends and breaking news in the men and women's fashion, beauty and retail industries. Its readership is made up largely of retailers, designers, manufacturers, marketers, financiers, media executives, advertising agencies, socialites and trend makers. ''WWD'' is the flagship publication of Fairchild Media, which is owned by Penske Media Corporation.Rothenberg, Randall"From Pauline Trigere, a Dressing Down" ''The New York Times''. (August 17, 1988). In April 2015, the paper switched from a daily print format to a weekly print format, accompanied by a daily digital edition. In 2017, it announced it would ramp up its focus on digital, reducing its regular print schedule further and opt instead to publish ...
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Galyan's
Galyan's Trading Company was an American sporting goods chain. It was founded in Plainfield, Indiana. The store began in 1946 as a grocery store, founded by Albert and Naomi Galyan. By the 1960s, the Galyans began selling sporting goods instead. The chain was purchased in 1995 by The Limited.Alternate Link
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At the time, the chain consisted of only five stores,Alternate Link
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Bath & Body Works
Bath & Body Works, LLC. is an American retail store chain that sells soaps, lotions, fragrances, and candles. It was founded in 1990 in New Albany, Ohio and has since expanded across 6 continents. In 1997, it was the largest bath shop chain in the United States. History Bath & Body Works was founded in 1990 in New Albany, Ohio. The company's first store opened in a Cambridge, Massachusetts mall in September 1990. In 1997, a secondary brand called Bath & Body Works at Home was launched. Two years later the company launched the White Barn Candle Company, a division specializing in the sale of scented candles. Bath & Body Works launched both a seasonal catalog and a website in 2006. In November 2006, the company launched its first television commercial advertisement. Net sales as of January 28, 2006 were $2.3 billion, significantly higher than all other L Brands companies other than Victoria's Secret. In July 2008, the company announced that it was opening six locations i ...
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Limited Too
Limited Too was a clothing and lifestyle retailer, and current brand, targeting the Tween (demographic), tween girl market, formerly owned by Tween Brands, Inc. (formerly known as Limited Too, Inc. and Too, Inc.). Since 2015, the brand has been owned by Bluestar Alliance, LLC, having lain dormant for six years after the store bearing its name converted to Justice (store), Justice.Our Brands - Justice
(accessed 15 December 2012)
Limited Too sold apparel, underwear, sleepwear, swimwear, lifestyle, accessories, and personal care products for girls age 5–15. At its peak in 2007, Tween Brands operated over 600 Limited Too stores. Three times a year, spring, fall and holiday, Limited Too offered "Too Bucks", which are received with a $50 purchase, and are worth $25 off every $50 purchase (as of 2008) and "Bonus Too Bucks", which are worth $ ...
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Corporate Spin-off
A corporate spin-off, also known as a spin-out, or starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. Characteristics Spin-offs are divisions of companies or organizations that then become independent businesses with assets, employees, intellectual property, technology, or existing products that are taken from the parent company. Shareholders of the parent company receive equivalent shares in the new company in order to compensate for the loss of equity in the original stocks. However, shareholders may then buy and sell stocks from either company independently; this potentially makes investment in the companies more attractive, as potential share purchasers can invest narrowly in the portion of the business they think will have the most growth. In contrast, divestment can also sever one business from another, but the assets are sold off rather t ...
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Abercrombie & Fitch
Abercrombie & Fitch (A&F) is an American lifestyle retailer that focuses on casual wear. Its headquarters are in New Albany, Ohio. The company operates three other offshoot brands: Abercrombie Kids, Hollister Co., and Gilly Hicks. As of February 2020, the company operated 854 stores across all brands. Once known for its ad campaigns mostly featuring nearly-nude teen models behaving in sexually suggestive ways with each other, the company has toned down sexually charged imagery and no longer features scantily dressed models in its advertisements. According to then-Chairman Arthur Martinez (in 2016), these changes were implemented to show that the company is evolving with its consumers. History The original Abercrombie & Fitch was founded in 1892 in New York City by David T. Abercrombie as an outfitter for the elite outdoorsman. Ezra Fitch—a wealthy lawyer, real estate developer, and devoted Abercrombie customer—bought a significant stake in the business in 1900. In 19 ...
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New York & Company
New York & Company, Inc. (NY&C) is an American workwear retailer for women. New York & Company apparel and accessories are sold through a nationwide network of retail stores, and through its e-commerce site. New York & Company was founded in 1918 as Lerner Shops by Samuel A. Lerner and Harold M. Lane in New York City. Samuel Lerner was the uncle of lyricist Alan Jay Lerner. In 1992, the company changed its name to Lerner New York and in 1995 to New York & Company. They were publicly traded between 2004 and 2020. NY&C history *1918 - The Lerner brothers, blouse manufacturers, opens the first Lerner Shops store in New York City; 18 more shops open later that year *1930 - The first West Coast Lerner Shops location opens in Los Angeles, California *1985 - Limited Brands purchases the company *1992 - The company changes its name to Lerner New York *1995 - The company changes its name to New York & Company, one of several labels Lerner New York carries *2002 - New York & Compan ...
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Henri Bendel
Henri Bendel, Inc. (pronounced BEN-del), established in 1895, was a women's department store based in New York City which in its later history sold women's handbags, jewelry, luxury fashion accessories, home fragrances and gifts. Its New York City store was located at 10 West 57th street. In 1985, when purchased by Limited, the new owner moved the store to 712 Fifth Avenue. Henri Bendel was the first retailer to have its own fragrance, to offer in-store makeovers, and to stage its own fashion show. The retailer is credited with developing the concession, or shop-within-a-shop merchandising concept that is in use in some department stores today. In the Cole Porter song from 1934 "You're the Top" made famous by Ethel Merman, Porter incorporates the line "You're a Bendel Bonnet / a Shakespeare Sonnet", immortalising the brand. In September 2018 it was announced that the owner L Brands would close all 23 stores and end the brand. In January 2019, its physical stores and website we ...
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Lane Bryant
Lane Bryant Inc. is an American women's apparel and intimates specialty retailer focusing on plus-size clothing. The company began in 1904 with maternity designs created by Lena Himmelstein, Lena Himmelstein Bryant Malsin. Lane Bryant, Inc., is the largest plus-size retailer in the United States. As of 2022, the chain consists of 448 stores in 46 U.S. states (only Alaska, Hawaii, Montana and Wyoming do not have Lane Bryant stores). Lane Bryant, Inc. is not affiliated with Lane Bryant catalog (Brylane, Inc.), which was spun off as a separate business in 1993. Beginning Widowed at an early age, and the orphaned daughter of Lithuanian Jewish refugees, Lena Bryant supported herself and her young son as a dressmaker. Borrowing $300 from her brother-in-law, Bryant went to the bank to open an account. The bank officer misspelled her name on the application as ''Lane'' instead of ''Lena''. In 1904, she rented a small storefront on Fifth Avenue with living quarters in the back for $12.50 ...
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