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Briefly : Retailing

September 02, 1999|Bloomberg News

Limited Inc. sold a 60% stake in its Galyan's Trading Co. sporting goods unit and some related real estate for $190 million so that it can focus on its Express, Structure and other apparel chains. The majority stake was sold to a fund managed by Freeman Spogli & Co., an investment firm with offices in New York and Los Angeles. CB Richard Ellis Services Inc. bought the real estate. Limited retains the remaining 40% of Galyan's, a chain of 18 sports superstores that generated $220 million in sales last year.

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