May 21, 2018 7:48 AM ET

Specialty Retail

Company Overview of Limited Stores LLC

Company Overview

On January 2, 2018, Limited Stores LLC went out of business as per its Chapter 11 liquidation filing under bankruptcy. Limited Stores LLC, doing business as The Limited, operates a network of retail stores that sell apparel and accessories for young women in the United States. The company retails dresses, sweaters and cardigans, blouses and shirts, camis and tanks, tops and tees, pants, exact stretch pants, denims, leggings, jackets and blazers, outerwear, skirts, and suits; lounge wear; jewelry, such as necklaces, earrings, bracelets, everyday jewelry, broaches and pins, and hair accessories; and accessories, including handbags, scarves and hats, belts, and legwear. It also sells apparel, a...

7775 Walton Parkway

4th Floor

New Albany, OH 43054

United States

Founded in 1963

Phone:

614-289-2200

Fax:

614-540-0655

Key Executives for Limited Stores LLC

Limited Stores LLC does not have any Key Executives recorded.

Limited Stores LLC Key Developments

Second Modified Liquidation Plan Approved for Limited Stores Company, LLC

The US Bankruptcy Court approved the second modified plan of liquidation of Limited Stores Company, LLC on December 20, 2017. As per the approved plan, Administrative Claims of $0.02 million, Administrative Tax Claims of $1.20 million, Priority Tax Claims of $1.31 million and Professional Fee Claims of $1.14 million shall be paid in full in cash. Administrative Claims – Substantial Contribution Claims shall be paid from the Available Cash. Priority WARN Claims of $0.81 million and Priority Non-Tax Claims of $0.05 million shall be paid in cash. The DIP Facility in the amount of $6 million has been indefeasibly paid in full in cash, and the DIP Agent and DIP Lender have no Claims against the Debtors or the Debtors’ Assets. The holder of the Prepetition Revolving Secured Claim in the amount of $50 million was paid in full, in Cash, prior to the Petition Date. Prepetition Term Secured Claim in the amount of $13.4 million was indefeasibly paid in full, in Cash. Liberty Mutual Secured Claim of $0.58 million shall be paid in full in cash through application of agreed portion of Cash Collateral held by Liberty Mutual. Miscellaneous Secured Claims shall receive at the discretion of the Plan Administrator Cash in an amount equal to the lesser of the amount of Allowed Secured Claim and the value of the Debtors' property securing such Allowed Secured Claim or delivery of the property securing such claim. Priority WARN Claim shall receive at the discretion of the Plan Administrator Cash in the amount of the Allowed Priority WARN Claim as may be agreed upon by the Plan Administrator and the Holders of Allowed Priority WARN Claims; its Pro Rata share of Cash; or Cash in the amount of each Allowed Priority WARN Claim as may be fixed by Final Order of the Bankruptcy Court. Allowed Priority Non-Tax Claim shall be paid in full in Cash to the extent that there is sufficient Available Cash to pay such Allowed Priority Non-Tax Claims in full. General Unsecured Claims of $153.41 million shall have a recovery of less than 1% amounting to less than $1.53 million and shall receive its Pro Rata share of Plan Trust Interests after payment in full of all claim classes. Subordinated Claims shall not be entitled to, and shall not receive or retain any property or interest in property under the Plan, on account of such Subordinated Claims. Interests against the Debtors extinguished as of the Effective Date and shall receive no Distributions under this Plan. The plan shall be funded with liquidation of the assets of the debtor.

Second Modified Liquidation Plan Filed by Limited Stores Company, LLC

Limited Stores Company, LLC filed a second modified plan of liquidation in the US Bankruptcy Court on December 15, 2017. The treatment of all classes of claims remains unchanged.

First Modified Liquidation Plan and Disclosure Filed by Limited Stores Company, LLC

Limited Stores Company, LLC filed a modified plan of liquidation and disclosure statement in the US Bankruptcy Court on November 2, 2017. As per the plan filed, Administrative Claims of $0.02 million, Administrative Tax Claims of $1.20 million, Priority Tax Claims of $1.31 million and Professional Fee Claims of $1.14 million shall be paid in full in cash. Administrative Claims – Substantial Contribution Claims shall be paid from the Available Cash. Priority WARN Claims of $0.81 million and Priority Non-Tax Claims of $0.05 million shall be paid in cash. Prepetition Revolving Secured Claim was paid in full in cash, prior to the Petition Date. Liberty Mutual Secured Claim of $0.58 million shall be paid in full in cash through application of agreed portion of Cash Collateral held by Liberty Mutual. General Unsecured Claims of $153.41 million shall have a recovery of less than 1% amounting to less than $1.53 million and shall receive its Pro Rata share of Plan Trust Interests after payment in full of all claim classes. The treatment of all other classes of claims shall remain unchanged. Limited Stores Company, LLC filed a solicitation version of its modified plan of liquidation and disclosure statement in the US Bankruptcy Court on November 7, 2017. The treatment of all classes of claims remains unchanged.

Similar Private Companies By Industry

Company Name Region
#1 Cochran, Inc. United States
#1 Cycle Center, Inc. United States
1 Stop Electronics Center Inc United States
10 West Motorsports, Inc. United States
100MAC, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
\
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
Tax Management Inc United States
John F. Kennedy Center For The Performing Arts United States
NYC2012, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Limited Stores LLC, please visit www.thelimited.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.