Specialty retailer Limited Brands, Inc., whose retail banners include Victoria's Secret, Pink, Bath & Body Works, C.O. Bigelow, La Senza, White Barn Candle Co. and Henri Bendel, confirmed yesterday the sale of its 25% remaining stake in Limited Stores, LLC, the operator of The Limited stores and some 220 mall locations throughout the United States.

The deal follow a 2007 agreement in which Limited Brands sold its 75% stake in Limited Stores to an affiliate of Sun Capital Partners, the private investment firm that now owns 100% of Limited Stores.

"This sale supports our focus on intimate apparel, personal care and beauty products," said Leslie H. Wexner, Chairman and Chief Executive Officer of Limited Brands. "We wish our long-time partners at Limited Stores continued success... this transition further enables both teams to win."

"This buyback is more than a financial transaction. It is recognition of the successful efforts over the last three years to 'restart' Limited Stores, as well as a demonstration of the confidence Sun Capital has in our future," added Linda I. Heasley, Chief Executive Officer of Limited Stores. "We continue to have a strong balance sheet after completing this transaction and are opening 10 stores this year and planning an additional 20 in 2011.”

The 40-year-old iconic fashion retailer is best known for its private label, design-driven fashions including suiting, sweaters, dresses, denim, outerwear and accessories for women.