Tuesday, June 26, 2007

UPDATE 1-Limited to offer July cost-cut update

(Reuters) - Limited, which also owns Victoria's Secret and Bath & Body
Works, has said it is in the process of shedding
underperforming businesses including the Express apparel chain,
to focus on the less seasonal, more profitable businesses of
undergarments and beauty and bath products.




In the letter dated June 22 and seen by Reuters on Tuesday,
Chief Executive Leslie Wexner also said Limited will "give
major attention to international growth" once it finishes the
sales of Limited and Express.


Read more at Reuters.com Mergers News

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