According to WWD, Sycamore Partners is buying troubled women’s specialty chain Talbots Inc. for $193.3 million cash. Including net debt, the transaction has a total value of $369 million. The transaction is expected to close in the third quarter.That the deal even happened was a surprise to investors who had thought talks had broken off between the two.
Who knows? Maybe the changes will be enough for us to ever shop there!
Image: ThirdAge.comSee the Top Ten Summer 2016 Trends for Women Over 40