94
Fashion Jobs
VF CORPORATION
Quality Engineer
Permanent · HANOI
CHANEL
Senior Business Finance Manager
Permanent · HO CHI MINH CITY
CHANEL
Finance Manager
Permanent · HO CHI MINH CITY
JCPENNEY
Quality Engineer
Permanent · HO CHI MINH CITY
JCPENNEY
Quality Engineer
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
PUMA
Senior Executive Origin Logistics
Permanent · HO CHI MINH CITY
PUMA
Senior Manager/Manager, Finance
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Corporate Affairs & Reputation Manager - Corporate Affairs & Engagement
Permanent · HO CHI MINH CITY
PROCTER&GAMBLE
Plant IT Operations Specialist
Permanent · BẾN CÁT
PROCTER&GAMBLE
Medical Leader
Permanent · BẾN CÁT
PROCTER&GAMBLE
Sales Manager
Permanent · HO CHI MINH CITY
PROCTER&GAMBLE
Senior Key Account Manager
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Key Account Manager, Marketplace E-Com
Permanent · HO CHI MINH CITY
ON RUNNING
Head of Footwear Sourcing
Permanent · HO CHI MINH CITY
ADIDAS
Director, Manufacturing Innovation - Advanced Materials
Permanent · HO CHI MINH CITY
ON RUNNING
Head of Development & Engineering
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Key Account Executive - l’Oréal Dermatological Beauty
Permanent · HO CHI MINH CITY
HENKEL
Safety, Health & Environment Network Head SEA
Permanent · BIEN HOA
By
Reuters
Published
Jan 6, 2009
Reading time
2 minutes
Download
Download the article
Print
Text size

Talbots shares jump after it secures committed credit

By
Reuters
Published
Jan 6, 2009

NEW YORK, Jan 6 (Reuters) - Talbots Inc (TLB.N) shares jumped 24 percent on Tuesday, a day after the women's apparel retailer said it entered into agreements with three banks to secure a total $150 million in committed lines of credit.


Talbots "Petite"

Talbots said it agreed with Mizuho Corporate Bank Ltd [MZFGAI.UL], Sumitomo Mitsui Banking Corp and the Norinchukin Bank to convert each of their existing uncommitted working capital lines of $75 million, $50 million, and $25 million, respectively, to committed lines.

Including Talbots' existing $50 million committed facility with Aeon (U.S.A.) Inc, a unit of Japan's Aeon Co Ltd, the apparel chain said it has secured $200 million of its $215 million total working capital borrowing capacity. The company, which is majority-owned by Aeon Co, said it is currently in discussions with a fourth lending bank to convert the remaining $15 million uncommitted facility to a committed facility.

Talbots, whose namesake brand sells classic fashions to women over 35, is trying to sell its underperforming J. Jill clothing brand. Like other apparel chains, Talbots' sales have been hurt by the deepening economic crisis, which has led consumers to cut back on nonessential purchases. Talbots shares were up 56 cents at $2.90 on the New York Stock Exchange in morning trade.

(Reporting by Martinne Geller)

((Reuters Messaging: [email protected];

(646) 223-6023)) See here for Reuters holiday coverage and blogs.reuters.com/shop-talk/ for Shop Talk -- Reuters' retail and consumer blog. Keywords: TALBOTS/SHARES

(C) Reuters 2009. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world.nN06423432

© Thomson Reuters 2024 All rights reserved.