Sullivan departs as Talbots nears the crossroads
Recent moves by troubled women's wear retailer Talbots to cut costs and boost higher-margin sections of the business have had little impact. And now the impending departure of CEO Trudy Sullivan has sparked a buyout bid from private equity firm Sycamore Partners.
Sullivan departs as Talbots nears the crossroads
6 December 2011
The markets can be unforgiving to the point of brutality. Four years after she took the helm at troubled women’s wear retailer The Talbots, the announcement of Trudy Sullivan’s impending departure was greeted with a 6% rise in the company’s share price – a welcome boost for a stock that has plunged by well over 80% in the past year.
US: Private equity firm puts in takeover bid for Talbots
7 December 2011
Struggling women's wear chain The Talbots Inc has received an unsolicited takeover bid from one of its leading shareholders, which says it is concerned by the company's "rapidly deteriorating performance."
US: Talbots seeks successor for CEO Sullivan
5 December 2011
Troubled US women's wear retailer The Talbots has announced that it has begun to look for a successor for president and CEO Trudy Sullivan.
US: Talbots plans job cuts as it swings to Q3 loss
1 December 2011
Troubled women's wear retailer Talbots is to cut 9% of its corporate headcount on top of 110 store closures already planned by 2013, after swinging to a third-quarter loss.
US: Talbots dismisses chief creative officer
7 September 2011
Women's wear retailer The Talbots Inc has parted company with its chief creative officer Michael Smaldone after swinging to a second quarter loss on falling sales.
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