Yesterday, Talbots announced it had hired an executive search firm to find a new chief executive officer and that it was closing 83 stores this year and 110 stores by the end of 2013. Today, Talbots received an offer from private equity firm Sycamore Partners, which currently owns 9.9%, of $212 million for the balance of the company.
http://www.retailonlineintegration.com/aggregatedcontent/talbots-closing-83-stores-2011
