Published January 17, 2017 7:09am EST | Updated January 17, 2017 9:06am EST

The Limited Files For Relief Under Chapter 11

Limited Stores, LLC said Tuesday that it has filed for relief under chapter 11 of the U.S. Bankruptcy Code. Additionally, the apparel retailer said it has began a purchase agreement with an affiliate of Sycamore Partners, a private equity firm, to buy the company's intellectual property and related assets. This acquisition is subject to the approval of the Bankruptcy Court.