Private equity firm Sycamore Partners has taken a controlling 51 percent stake in Mast Global Fashions, the third-party apparel sourcing division of Limited Brands Inc., which will now operate as a stand-alone firm.
Limited will retain 49 percent of Mast Global, which is one of the three largest sourcing firms in the world. Terms of the deal were not disclosed. Limited will continue to retain a 100 percent interest in its separate sourcing operation for intimate apparel and the personal care/beauty businesses.
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