Limited Inc. has entered an agreement with...

Limited Inc. has entered an agreement with Oshman’s Sporting Goods Inc. to purchase Abercrombie & Fitch, a division of Houston-based Oshman’s, for $47 million in cash, said Limited Chairman Leslie H. Wexner. The deal is subject to normal closing conditions and approval by federal regulatory agencies. Abercrombie & Fitch, which markets upscale sportswear, sporting goods and a variety of gift items through its stores and catalogues, reported sales of $50 million in 1987. Limited Inc., based in Columbus, Ohio, operates 3,097 specialty apparel stores throughout the United States.