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December 20, 2011 / apparelresources.com

Private Equity share for party apparel sourcing division of Limited Brands

Sycamore Partners, a private equity firm based inNew York, has acquired a controlling 51% interest in Mast Global Fashions, the third-party apparel sourcing division of Limited Brands.  However, Limited Brands will retain 100 per cent ownership of its separate sourcing operation for their intimate apparel and personal care/beauty businesses. James Schwartz, who has been with Mast for more than 28 years, will lead the new company as its President and Chief Executive Officer.

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