Content about Sycamore, Illinois

July 17, 2014

Sycamore Partners is in early discussion with Fred’s about a potential takeover, Reuters reported.

New York -- Sycamore Partners is in early discussion with Fred’s about a potential takeover, Reuters reported.

In January, Fred's disclosed it had hired Bank of America Corp. and Peter J. Solomon Co to explore strategic alternatives after disappointing holiday sales.

According to the report, at least one other party in also in talks with Fred's.

 

October 21, 2013

The Jones Group is reportedly approaching deals to sell its business to Sycamore Group and GIII Apparel Group.

New York – The Jones Group is reportedly approaching deals to sell its business to Sycamore Group and GIII Apparel Group.

Sycamore Group is an Indianapolis-based real estate firm and GIII is a New York-based apparel licensor and manufacturer. Women’s Wear Daily reports sources indicate Jones Group is close to reaching agreements with both companies.

 

August 7, 2012

Private equity firm Sycamore Partners, which has wrapped up its $391 million acquisition of The Talbots, appointed Michael Archbold, formerly president and COO of Vitamin Shoppe, as CEO and CFO of Talbots.

Hingham, Mass. -- Private equity firm Sycamore Partners, which has wrapped up its $391 million acquisition of The Talbots, appointed Michael Archbold, formerly president and COO of Vitamin Shoppe, as CEO and CFO of Talbots. Archbold, who also served as executive VP and CFO of Saks Fifth Avenue, replaces Trudy Sullivan, who resigned from the CEO’s job after Sycamore completed its acquisition of Talbots late last week.

July 30, 2012

Sycamore Partners extended its tender offer to buy The Talbots Inc. to Aug. 2.

New York -- Sycamore Partners extended its tender offer to buy The Talbots Inc. to Aug. 2. It is the second extension given by Sycamore to the retailer.

The private equity firm said in May that it would buy Talbots for $193.3 million. The tender offer was previously scheduled to expire at 5 p.m. ET on July 27.

July 16, 2012

Sycamore Partners extended the expiration date of its tender offer to buy The Talbots by 14 days.

New York -- Sycamore Partners extended the expiration date of its tender offer to buy The Talbots by 14 days. Sycamore said in May that it would buy the women's apparel retailer for $193.3 million, or $2.75 per share -- a price that was lower than its previous offers.

The tender offer was previously scheduled to expire at midnight, New York City time, on July 13. It now has been extended to July 27.
 

May 31, 2012

After announcing that talks between private equity firm Sycamore Partners and Talbots had ended, then issuing an update that negotiations had resumed but without exclusivity, the pair said Thursday that a deal has been struck.

Hingham, Mass. -- After announcing that talks between private equity firm Sycamore Partners and Talbots had ended, then issuing an update that negotiations had resumed but without exclusivity, the pair said Thursday that a deal has been struck.

Sycamore Partners is acquiring the apparel retailer for approximately $193.3 million, according to Thursday’s announcement.

Including debt, the deal is valued at close to $369 million.

May 29, 2012

Talbots said that Sycamore Partners had walked away from negotiations over a proposed $215 million buyout of the retailer.

Hingham, Mass. -- Talbots said Friday that Sycamore Partners had walked away from negotiations over a proposed $215 million buyout of the retailer. The company, which also reported first quarter results, said it was exploring other strategic alternatives.

May 23, 2012

Talbots Inc. said is extending its talks with Sycamore Partners about an acquisition offer.

Hingham, Mass. -- Talbots Inc. said is extending its talks with Sycamore Partners about an acquisition offer. It is the second time the chain has extended the talks.

Talbots has extended the period of time during which it will talk solely with the private equity firm about its $211 million takeover offer until Thursday.

The first time Talbots extended the exclusivity period was a week ago, when it announced that the talks would continue until Wednesday.

May 7, 2012

The Talbots Inc. said it has received a raised takeover offer of $214.6 million from private equity firm Sycamore Partners.

Hingman, Mass. -- The Talbots Inc. said it has received a raised takeover offer of $214.6 million from private equity firm Sycamore Partners. The company also said it entered an exclusivity agreement with Sycamore, which will end on May 15.

Talbots said Sycamore had offered to pay $3.05 per share -- slightly higher than the $3.00 per share offer it made in December.

The board of retailer said it continues to evaluate strategic alternative.

April 18, 2011

Jacksonville, Fla.-based Regency Centers said it has leased restaurant space to Arirang Japanese Bistro at Sycamore Plaza in Cincinnati.

Cincinnati -- Jacksonville, Fla.-based Regency Centers said it has leased restaurant space to Arirang Japanese Bistro at Sycamore Plaza in Cincinnati.

The Japanese Hibachi steak house and sushi restaurant leased 7,600 sq. ft. and is slated to open in the fall. The dining establishment is taking the space formerly occupied by Max & Erma’s restaurant.