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Sycamore and Talbots sew up $193 million deal
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.
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Cuhaci & Peterson selected to design four Aldi Supermarkets
Orlando, Fla. -- Cuhaci & Peterson Architects said Wednesday it has been awarded a contract to design four Aldi Supermarkets in located in North and South Carolina and Florida.
Each of the supermarket facilities will total 18,000 sq. ft. of retail space and are located in Salisbury and Indian Trails, N.C., in Columbia, S.C., and in southwest Orlando, Fla., near Disney World.