Talbots (2013)
THE REASON: 24/7 Wall St. wrote that the company’s earnings clearly showed the extent to which customers have abandoned Talbots. Its revenue was $2.3 billion in fiscal 2008, a figure on which it lost money. Annual sales were barely half that in 2011. Sycamore Partners, which owned 10% of Talbots at the time, made several offers to take it private, but had been denied. “It is a wonder that Sycamore wants to buy the retailer,” Wall St. 24/7 wrote. “Even if the deal closes, Sycamore may find there is no solution to making the company viable again.”
TODAY: Shortly after 24/7 Wall St.’s list was released, Sycamore Partners finally struck a deal to acquire the financially troubled women’s apparel merchant for $193.3 million, or $2.75 per share in cash.
| Click below for the brands: |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |