|Talbots Inc. - company profile on Apparel Search|
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August 2012 Update: On August 7th, 2012 Sycamore Partners announced that TLB Merger Sub Inc. (an affiliate of Sycamore Partners) has completed its acquisition of The Talbots, Inc., following the previously announced completion of its tender offer on August 3, 2012. The transaction is valued at approximately $391 million, including net debt.
Sycamore Partners is a private equity firm based in New York specializing in consumer and retail investments. The firm has more than $1 billion in capital under management. The founders of Sycamore have a long history of partnering with management teams to improve the operating profitability and strategic value of their businesses. They work with companies they believe have significant growth potential, particularly when given the capital and outside expertise they need to succeed.
Operating under the brands Talbots and J. Jill, The Talbots, Inc. is a leading international specialty retailer, cataloger and e-tailer of women's, children's and men's apparel, shoes and accessories. At the end of fiscal 2006, the Company operated a total of 1,364 stores in 47 states, the District of Columbia, Canada and the U.K., with 1,125 stores under the Talbots brand name and 239 stores under the J. Jill brand name. Its direct marketing operation circulated approximately 118 million catalogs worldwide in fiscal 2006, with 48 million under the Talbots brand name and 70 million under the J. Jill brand name. Talbots brand on-line shopping site is located at www.talbots.com and the J. Jill brand on-line shopping site is located at www.jjill.com.
Associates The Talbots, Inc. currently employs a combined total of approximately 16,000 associates worldwide, including 12,300 associates at Talbots and 3,700 at J. Jill.
The Talbots, Inc. is a leading national specialty retailer of women's, men's and children's apparel, shoes and accessories. On May 3, 2006, The Talbots, Inc. acquired The J. Jill Group, Inc., which is now a wholly owned subsidiary of the company. The company offers its merchandise under the Talbots and J. Jill brands via stores, catalog and internet. Together, the brands serve a broad diversity of women within the fast-growing 35+ population through an extensive range of sizes and distinct yet complementary styles.
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