Big Deal for Talbots: A New Majority Owner And Firm Slashes Debt

Cost cutting and higher initial markup help reverse year-ago loss.

At P&G, the A.G. Lafley era has ended. Robert McDonald will succeed Lafley.

Talbots, a leader of the misses retail market, has a new owner in BPW and a lot less debt.

Deal is valued at about $2.33 billion.

Kate Bosworth, Emma Hill, Gia Coppola, Nathalie Love and Lily Collins shimmied the night away at L.A.’s Bungalow One.

Mary Hamrah, who transformed a small shop for children’s clothing into a luxury designer emporium, died of heart failure at her New Jersey home on Sunday.

Henry S. Miller Jr., a Dallas real estate magnate, made Highland Park Village a top shopping destination.

Lanvin hosted a party last week during Art Basel to celebrate its first U.S. store.

Global Brands, the investment firm founded by Horowitz, Stroll and Idol, is liquidating and will return money to shareholders.

President Barack Obama outlined a broad package of stimulus and job measures that focused on deeper tax breaks for small businesses.

CIT said it expects to exit bankruptcy this week after a court approved its prepackaged plan of reorganization.

Teen retailer Rue21 said Tuesday third-quarter income skyrocketed 106.7 percent.

Retail stocks retreated yesterday as investors kept a wary eye on Dubai.

Bernard Mariette, chief executive officer of Coalision Inc., the company that owns apparel and outerwear brands Orage and Lolë, has Europe in his sight.

Children’s Place is close to naming a new ceo and sources say Jane Elfers is high on its list.

Ceo Patrick Thomas said at a press conference, “The roots of Hermès are linked to saddles.”

Visuality, a simple Web-based e-mail program with pictures, is increasing sales for fashion brands and changing how they sell.

Pint-size fashion blogger Tavi Gevinson, friend of Kate and Laura Mulleavy and Marc Jacobs, is about to get a much broader platform for her fashion musings.

Aggressive price stance at Men’s Wearhouse is putting its bottom line at risk.

New York Fashion and Design Conference focused on heirloom jewelry, particularly pearls and gemstone, as sustainable design.

Designer Nanette Lepore and Robert Savage give speech about Garment Center and zoning laws at conference on heirlooms and sustainability.

After Tiger Woods’ much-publicized crash, PepsiCo Gatorade announced it was dropping its Gatorade Tiger beverage.

Laspata and DeCaro recently spoke with WWD about new ad campaigns.

The Hudson’s Bay Trading Co. beginning next year will utilize Hong Kong-based global consumer goods exporter Li & Fung Ltd. as its sole sourcing agent.

Footwear designer Stuart Weitzman is venturing into the handbag market.

Wal-Mart Stores Inc., Sears and The Limited Inc. and many other chains to benefit from Visa and MasterCard antitrust settlement.

Carolina Herrera says she is “in heaven” about the location of her new boutique.

Officials seize goods yesterday bearing the marks of Gucci, Coach, Chanel and other brands in Chinatown.

Belgian designer Martin Margiela is hanging up his scissors, and his lab coat, for good.

The day’s top gainers and losers.