Boca Raton, Fla. — ODP Corp., the parent company of Office Depot, has rejected USR Parent Inc.’s off-market transaction offer to acquire the Boca Raton, Fla.-based retailer. USR, the parent company of office products retailer Staples and affiliate of Sycamore
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New York City and Mahwah, N.J. — Premium Apparel LLC, an affiliate of New York City-based private equity firm Sycamore Partners, has entered into an agreement to purchase multiple clothing brands from Mahwah, N.J.-based Ascena Retail Group for $540 million.
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Framingham, Mass., and New York City — On June 29, 2017, Staples, Inc. and Sycamore Partners, a leading private equity firm, entered into a merger agreement in which investment funds managed by Sycamore Partners will acquire Staples for approximately $6.9
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Charlotte, N.C. — Tim Belk will retire as chief executive officer of Belk in July 2016. He will continue to serve on the Belk board of directors. Lisa Harper, who previously served as chief executive officer of Hot Topic, Inc.,
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New York and Charlotte, N.C. — Sycamore Partners has completed its acquisition of Belk, Inc.
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New York City and Hingham, MA — An affiliate of Sycamore Partners has completed its acquisition of The Talbots, Inc., for approximately $391 million.
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Hingham, MA — After several starts and stops — and even parting ways with Sycamore Partners as recently as last week — Talbots has now reconciled with Sycamore to enter into a definitive purchase agreement.
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