Talbots just in the news

Mochi

(just read online--company HQ are also in the Boston area)

"A New York investment firm that specializes in consumer companies has made an unsolicited offer to buy troubled Hingham-based women’s retailer Talbots Inc."

etc etc.

CEO is stepping down and 100 jobs at HQ will be cut. The investment firm "noted Talbots had racked up mounting losses and burned through much of its cash and borrowing capacity, leaving it vulnerable during the crucial holiday season."

Looks like it! Glad everyone's happy with their coats, after some stressful ordering glitches.

14 years ago

General

1 reply from velvetychocolate

velvetychocolate

Veteran

Yes, I noticed this after I had issues with my online order over Black Friday weekend - went looking for information about Talbots after four days went by with no confirmation that my order had shipped and finding out that the coat I wanted was still available in stores, despite my order being canceled due the item being "no longer available" or what have you.

"The offer is worth almost twice the $1.56 at which Talbots shares closed Tuesday and would value the company at $207 million. The shares have fallen more than 80% so far this year, as the chain has struggled to appeal to younger shoppers."

Wow, that's quite a drop in share price.

From this Wall Street Journal article:

http://online.wsj.com/article/.....89338.html

14 years ago

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