Sycamore Partners Completes Acquisition of Talbots
August 09, 2012
New York-based private-equity firm Sycamore Partners has acquired Hingham, Mass.-based The Talbots Inc. following the previously announced completion of its tender offer on Aug. 3. The transaction is valued at approximately $391 million, including net debt. Sycamore Partners also announced that it has appointed a new senior executive team at Talbots. Michael Archbold, previously president and COO of the Vitamin Shoppe, has been named CEO and CFO; Lizanne Kindler, previously executive vice president of product development at Kohl's Department Stores, has been named president; and Michele Mandell, formerly the executive vice president of stores at the company, has been appointed COO.