The Limited Stores (Columbus, Ohio) has hired Guggenheim Partners (New York) as the company’s financial adviser, which may include exploring a possible sale, reports The Wall Street Journal.
Sources say potential buyers may include retail competitors and financial firms and may also involve a restructuring.
While the company has not commented on either proposition, a company representative stated that the partnership will allow the company to explore a number of options that will provide it with “‘greater financial flexibility.’”
The news comes as the company has been struggling, in part, due to declining mall traffic.