Nothing but negotiation

 
The Gap Partnership

Sycamore Partners completes Talbots acquisition

Talbots has been bought by Sycamore Partners.

08 August 2012

Sycamore Partners has completed its purchase of Talbots, following business negotiations between the brands.

Including net debt, this deal has an approximate value of $391 million (£250 million) and it is expected that Talbots will retain its existing offices and headquarters.

Talbots is a direct marketer and speciality retailer of women's accessories, shoes and apparel, while private equity brand Sycamore Partners specialises in retail and consumer investments.

Contract negotiations were also required by Sycamore Partners, as it has revealed it has appointed a senior executive team at the newly-acquired firm.

The roles of chief financial officer and chief executive officer will be filled by Michael Archbold, who used to lead Vitamin Shoppe, while Kohl's Department Stores' former executive vice-president of product development Lizanne Kindler has been named as Talbots' new president.

Finally, Michelle Mandell, who has been at Talbots for 26 years, has been appointed as the company's chief operating officer.

"We are pleased to have completed this acquisition and are ready to deliver on the promise of executing on the significant potential inherent in Talbots, which remains a premier, storied brand," Sycamore Partners managing director Stefan Kaluzny said.

Posted by Edel Quinn

Source: Sycamore Partners press release, August 7th

Gap News

March 2014

The Negotiation Roadshow 2014

Generating value through creative negotiation

Read more


July 2013

Trading Global: Negotiating in the Far East

The Gap Partnership are hosting a complimentary Lunch & Learn seminar in association with UK Trade & Investment

Read more


April 2013

GroceryAid Negotiation Event Raises £26,550

The Gap Partnership, in conjunction with Asda, SC Johnson and Waitrose, host one-day negotiation workshop

Read more


February 2013

Trading Global - Negotiating in the Far East

What is the impact of cultural differences on your negotiations?

Read more


December 2012

The Gap Partnership Release New Negotiation Video

The Nothing but Negotiation video series continues with collaborative negotiation

Read more