Talbots news and archive

KnitWell Group’s Talbots expands into Mexico

Apparel brand Talbots is expanding beyond the US and Canada for the first time as it enters Mexico through a new agreement with the country’s department store, Liverpool. Via the deal, Liverpool is set to open 10 Talbots shop-in-shop locations within its own stores in and around Mexico City this month. Each space will house a curated selection...

Business

Sycamore merges brands to form KnitWell Group

Private equity firm Sycamore Partners has formed a new holding company comprising apparel brands Ann Taylor, Loft and Talbots. Under the banner of KnitWell Group, the three labels generate more than three billion dollars in annual sales, positioning the group as one of the largest specialty apparel companies in the US, according to Sycamore....

Fashion

Talbots donates clothing to hospital workers for COVID-19 relief

Talbots wants to show appreciation to nurses, doctors and dedicated administrators helping on the frontlines of COVID-19 relief. The womenswear retailer has announced donations of clean and comfortable clothing to numerous hospital workers. The company has already shipped over 11,000 items from its T by Talbots athleisure collection to over...

Fashion

Sycamore Partners finally buys Talbots at reduced $369 mln

After two hectic weeks and a withdraw announcement by suitor Sycamore Partners (second largest shareholder up to the acquisition), Talbots has agreed to be bought by the private-equity firm for a reduced price of $369 million, including debt. Shareholders will get $2.75 per share, the retailer said Thursday. The offer is lower than Sycamore's...

Fashion

Sycamore withdraws from Talbots buyout

Talbots Inc. has to “continue to explore strategic alternatives” after private equity firm Sycamore Partners informed that it is “not prepared to execute a transaction” to acquire the women’s apparel retailer for $3.05 per share. New York-based Sycamore is "not prepared to execute a transaction at this time," after luring Talbots into exclusive...

Fashion

Talbots opens door to new private equity

Talbots seems to have arose the interest of the private capital community as its advisor, Perella Weinberg, has been actively looking for bids for the company as part of its exploration of strategic alternatives after Talbots turned down a $212 million buyout proposal from Sycamore Partners in December. On Friday, when the news jumped out,...

Fashion

Gap, Talbots and A&F clear up inventories via discounts

As reported in the last released research note by Janus Capital Markets, there are a sort of fashion retailers reaching to the old trick of discounts to clear up their inventories. Gap was running an extra 50% off women's markdowns, while Ann Taylor already reduced styles were an extra 50% off, and at Talbots sale items were an extra 30% off....

Fashion

New private equity fund buys 9.9% of Talbots

The women's clothing retailer rose 8.4% to $3.75 soon after an investor group led by Sycamore Partners announced a 9.9% stake in the company early this week. The group said Talbots' stock is underrated and presents a striking investment. Sycamore Partners, a new private equity firm focused on the consumer and retailer sectors, is in the process...

Fashion

Talbots Q2 earnings dip

US clothing retailer Talbots realized a net loss of $3.9 million (£2.05 million) for the second quarter ended 29 July. The loss includes acquisition costs and adjustments. Consolidated sales for the period were $571 million. The Talbot brand reported retail sales of $404 million, up from $389 million last year. The J Jill brand had retail sales...

Fashion

Talbots' earnings drop

US retailer Talbots Inc. has this week reported that quarterly earnings have dropped as much higher expenses outweighed higher sales. Although the company reported improved fourth-quarter sales during the post-holiday clearance sales, Talbots' has also issued full-year 2005 forecasts below Wall Street estimates. Earnings for the quarter ending...