Alliance Data acquires $145 million in Talbots credit card receivables
Dallas -- Alliance Data Systems Corp. said Monday that it has acquired the receivables associated with The Talbots Inc.’s existing private-label credit card file, and will acquire the credit card accounts, pending regulatory approval. The receivables portfolio totals about $145 million.
Alliance Data also said that its Retail Services business will provide private-label credit card services for Talbots, as well.
"We look forward to working together with Alliance Data to continue to build long-term customer loyalty and grow the Talbots brand through our Talbots Charge private-label credit card and rewards program," said Mike Archbold, CEO and CFO of Talbots.