Investor Group Led by Harry Adjmi Acquires The Limited, Bringing Iconic American Fashion Brand Into a New Era

A private-investor group led by One Step Up CEO Harry Adjmi acquired fashion retailer The Limited, aiming to reposition the brand for a new generation. The announcement highlights Adjmi's experience acquiring, transacting in and building fashion brands, but provides no transaction value, financing details, operating targets or financial outlook. The deal is a positive strategic development for The Limited but is unlikely to have broad public-market impact.