Michael Archbold, a former top executive for the Vitamin Shoppe and Saks Fifth Avenue, has been tapped as the new CEO and CFO of Hingham-based Talbots.
Sycamore Partners named Archbold to the position today following the New York private equity firm’s completion of a buyout of the classic women’s clothing retailer last week for $391 million, including net debt.
“We are pleased to have completed this acquisition and are ready to deliver on the promise of executing on the significant potential inherent in Talbots, which remains a premier, storied brand,” Stefan Kaluzny, a Sycamore managing director, said in a statement. “Building on its 65 years of history, we will restore the Talbots brand and the company’s heritage as a leading retailer of traditional women’s apparel, shoes and accessories.”
via Talbots’ new owner taps Vitamin Shoppe exec as CEO – BostonHerald.com.
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