S&P Global downgraded Talbots deep into junk territory on Thursday as loan deadlines loom and its business faces persistent stress from the COVID-19 pandemic and ongoing troubles in the apparel sector. The ratings agency downgraded Talbots to CCC-, indicating a high risk of default.22 Jan 2021
Was Talbots sold?
General Mills Will Sell Talbots and Bauer for $585 Million LEAD: General Mills Inc. said yesterday that it had agreed to sell its Talbots women's apparel chain to the Jusco Company, a large Japanese chain-store retailer, for $325 million in cash.
Who owns Talbots now?
Sycamore Partners
Why is Talbots going out of business?
Talbots will close 78 kids' and men's stores by September and discontinue those businesses as part of a bid to focus more on its core customer — women 35 and older. The retailer said the decision to close the brands was part of the company's strategic business review first announced in October.
Is Talbots in trouble as a retailer?
Talbots. Women's clothing store Talbots is among apparel retailers at risk. The company is facing sector challenges, as many consumers have turned away from malls amid the pandemic. Talbots doesn't have much cash on hand, and it's debt is coming due soon, analysts said.11 Apr 2021
Is J Jill owned by Talbots?
Talbots Inc. said Monday that it had agreed to acquire women's apparel retailer J. Jill Group Inc. for about $517 million, trumping an earlier unsolicited offer from Liz Claiborne Inc., which said it wasn't inclined to sweeten its bid.7 Feb 2006
Who is Talbots target audience?
Talbots is making great strides to become a cult brand for women between the ages of 45 to 65 years old and right now it is focusing on reclaiming its brand DNA and sense of style.9 Mar 2016
What kind of style is Talbots?
Talbots was founded in Hingham in 1947, catering to a particularly New England sensibility that cofounder Nancy Talbot described as “simple but not contrived, gimmicky, or extreme, smart but not faddy, fashionable but not funky — chic and understated, the hallmarks of good taste.” And for a long time the company 23 May 2011
What age group is J Jill for?
35 to 55
Is J Jill for old ladies?
Jill, Lauren Ralph Lauren, and Joan Vass are all geared towards an older customer, but other brands, like Eileen Fisher, Chaus, Chico's, Donna Morgan, Talbots, and Lane Bryant have been updated and now offer a wider array of styles, so when in doubt, refer to the guidelines above!23 Aug 2015