Bankruptcy / Closurecritical2017
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The Limited
Apparel & Fashion ยท owned by Sun Capital Partners
Sun Capital extracted $42M dividend while The Limited died
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.
Store count
Before
250 stores
โ
After
0
Change
-100%
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