Apparel & Fashion

The Limited

Sun Capital extracted $42M dividend via borrowed money, making 1.8x return while the company died. All 250 stores closed. Sued for fraudulent transfer.

FOUNDED
1963
ACQUIRED
Sun Capital Partners, 2007, $50 million equity
IMPACTS
1 documented

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Editorial Record

maintained by DeathbyPE. Every claim links to a public source.

Timeline

1963

The Limited founded

2007

Acquired by Sun Capital Partners for $50 million equity

2017

Sun Capital extracted $42M dividend while The Limited died

CriticalClosure / Bankruptcy

Sun Capital made 1.8x return on its $50M investment through extracted dividends alone, then wrote equity to zero. All 250 stores closed. Bankruptcy trustee sued for $42M fraudulent transfer.

Before / After

Store count

reported 2017

before 250 stores

after 0

-100%

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