The Talbots Inc. ended up with Sycamore Partners after all.
Sycamore is buying the struggling women’s specialty chain for $193.3 million in cash. Including net debt, the transaction has a total value of $369 million. The deal is expected to close in the third quarter.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"