Talbots
{{Short description|American women's fashion company}}
{{distinguish|text=the car brand, Talbot. For other uses, see Talbot (disambiguation)}}
{{Use mdy dates|date=September 2023}}
{{Infobox company
| name = The Talbots, Inc.
| trade_name = Talbots
| logo = Talbots logo.svg
| type = Private
| traded_as =
| founder = Rudolf Talbot
Nancy Talbot
| area_served =
| key_people = Lizanne Kindler (CEO)
| industry = Fashion
| genre =
| products = Clothing, shoes and accessories
| services =
| revenue = US$ 2 billion (2021)
| operating_income =
| net_income =
| assets =
| equity =
| owner = Sycamore Partners
| num_employees = 8,894 (2021)
| parent =
| divisions =
| subsid =
| homepage = [http://www.talbots.com/ www.talbots.com]
| footnotes =
| intl =
| foundation = {{start date and age|1947}}
Hingham, Massachusetts, U.S.
| location_city = Hingham, Massachusetts
| location_country = U.S.
| location =
| locations = 493 (February 2021)
}}
The Talbots, Inc., doing business as Talbots and stylized as 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 US).
History
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).{{cite web|last=Primack |first=Dan |url=http://finance.fortune.cnn.com/2012/08/07/private-equity-deals-177/ |title=Private equity deals: August 7, 2012 |publisher=Finance.fortune.cnn.com |date=2012-08-07 |access-date=2012-08-15}}[http://www.hoovers.com/company-information/cs/company-profile.The_Talbots_Inc.01360b4233c76c4b.html "The Talbots, Inc. Company Profile"], Hoover's{{Cite web|url=http://www.sycamorepartners.com/press/Sycamore-TLBCloseRelease00476034.pdf|title="SYCAMORE PARTNERS COMPLETES ACQUISITION OF TALBOTS: Lizanne Kindler Named CEO , Press release, Sycamore Partners, New York, NY and Hingham, MA, August 7, 2012|accessdate=2 September 2023}}
References
{{Reflist}}
External links
{{Finance links historical
| name = Talbots Inc.
| sec_cik = 0000912263
}}
{{authority control}}
Category:Companies formerly listed on the New York Stock Exchange
Category:Privately held companies based in Massachusetts
Category:American companies established in 1947
Category:Clothing companies established in 1947
Category:Retail companies established in 1947
Category:2012 mergers and acquisitions
Category:Clothing retailers of the United States
Category:1947 establishments in Massachusetts
Category:Private equity portfolio companies
Category:Companies based in Plymouth County, Massachusetts