Sycamore Partners sweetened its offer to buy The Talbots Inc. just slightly — boosting its price to $3.05 a share from the $3 proposed in December — and the companies agreed to negotiate exclusively until May 15.
And even though investors pushed the stock down 6.1 percent to $2.61, apparently out of worry that the price wasn’t enough to entice the board to sell, Sycamore’s continued interest in the chain underscored just how active the deal-making scene is right now.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)