(Reuters) - Buyout firm Sycamore Partners has won the auction for the e-commerce business and intellectual property of bankrupt U.S. women's apparel retailer The Limited with a bid of $26.8 million, people familiar with the matter said on Tuesday.
Sycamore Partners outbid clothing firm Sunrise Brands LLC in the auction, the people said, asking not to be identified because the outcome has not yet been announced. Sycamore Partners, Sunrise Brands and The Limited did not immediately respond to requests for comment.