NEW YORK -- Leslie Wexner, chairman of The Limited Inc., announced Friday, that he had reduced his stake in the women's apparel retailer based in Columbus, Ohio, to 24.4 percent.

Previously, Wexner and his affiliates held a 25.8 percent stake in the company.

In a filing Friday with the Securities and Exchange Commission, Wexner said he and his affiliates had sold 5.1 million shares at prices ranging from $20 to $22.75 a share. After the sale, Wexner and his affiliates held almost 88.8 million shares of the Limited.

The Limited has more than 4,000 women's apparel stores including The Limited, Express, Lerner, Lane Bryant and Henri Bendel.

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