Talbots

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
The Talbots, Inc.
Private
IndustryFashion
Founded1947; 72 years ago (1947)
Hingham, Massachusetts, U.S.
FounderRudolf Talbot
Nancy Talbot
Headquarters
Hingham, Massachusetts
,
U.S.
Number of locations
517 (February 2012)[1]
Key people
Lizanne Kindler (CEO)
ProductsClothing, shoes and accessories
RevenueUS$ 1.331 billion
OwnerSycamore Partners
Number of employees
8,737
Websitewww.talbots.com
Talbots store in Hudson, Ohio

Talbots is an American specialty retailer and direct marketer of women's clothing, shoes and fashion accessories.

As of 2018, the company operated 495 Talbots stores in the United States: 425 core Talbots stores (412 U.S), 65 Talbots Factory Outlets (U.S.) and five Talbots Clearance stores (4 U.S.). The company's retail operation comprises approximately 80% of its overall business, with the other 20% conducted via catalog and internet.[clarification needed]

History[edit]

The first shop, located in Hingham, Massachusetts, was opened in 1947 by Rudolf and Nancy Talbot. In 1948, the Talbots launched a direct mail business by distributing 3,000 fliers to names obtained from The New Yorker magazine. In 1973, they sold the company, consisting of a growing catalog enterprise and five stores, to General Mills.

The chain was expanded along the U.S. east coast. When General Mills divested its Specialty Retail Division in 1988, Talbots was acquired by JUSCO Co. Ltd. (now ÆON Co., Ltd.).

Talbots became a public company in 1993 and was traded on the New York Stock Exchange under the symbol TLB. The New York City-based private equity firm Sycamore Partners acquired Talbots in August 2012 for $391 million (including debt).[2][3][4] Talbots also had stores for both men's and children's apparel.

References[edit]

  1. ^ http://phx.corporate-ir.net/phoenix.zhtml?c=65681&p=irol-newsArticle&ID=1571383
  2. ^ Primack, Dan (2012-08-07). "Private equity deals: August 7, 2012". Finance.fortune.cnn.com. Retrieved 2012-08-15.
  3. ^ "The Talbots, Inc. Company Profile", Hoover's
  4. ^ "SYCAMORE PARTNERS COMPLETES ACQUISITION OF TALBOTS: Lizanne Kindler Named CEO , Press release, Sycamore Partners, New York, NY and Hingham, MA, August 7, 2012