Summary of LIMITED BRANDS INC

Item 8.01 Other Events.

On July 20, 2009, Limited Brands, Inc. commenced a cash tender offer (the "Tender Offer") for any and all of its $294,600,000 outstanding 6.125% Notes due December 1, 2012 (the "Notes"). The "Total Consideration" payable per $1,000 principal amount of the Notes tendered on or prior to July 31, 2009 (the "Early Tender Date") will be $980, which includes an early tender payment of $20 per $1,000 principal amount of the Notes. The "Tender Offer Consideration" will be $960 per $1,000 principal amount of the Notes tendered after the Early Tender Date, but at or prior to the Expiration Date (as defined below). The Total Consideration or the Tender Offer Consideration, as applicable, will include accrued and unpaid interest from the last interest payment date to, but not including, the payment date for the Notes purchased in the Tender Offer.

Additional terms and conditions of the Tender Offer are set forth in the Offer to Purchase dated July 20, 2009 (the "Offer to Purchase"), and the related Letter of Transmittal. The Tender Offer will expire at 12:00 midnight, Eastern Time, on Friday, August 14, 2009 (the "Expiration Date"), unless extended or earlier terminated. As more fully described in the Offer to Purchase, Limited Brands, Inc. may amend, extend or terminate the Tender Offer. Once validly tendered by holders, Notes may not be withdrawn except as may be required by law. Limited Brands, Inc. expects to use net cash proceeds from its recent offering of its 8.50% Senior Notes due 2019 to purchase the Notes.

A copy of the press release announcing the Tender Offer is filed herewith as Exhibit 99.1.