They don't know retail. How many other business have they purchased and went bankrupt? I want to know how much money they made last year. Why are the store managers being their puppets? It is making me physically sick.
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Sycamore does not buy companies to turn them around. They know exactly what they are doing. They are looking out for the investors and themselves. The american dream. Pocket billions while the associates work for starvation wages. Watch for another big payment for the investors and don't kid yourselves thinking they care about us as people.
Coldwater was based in Hingham MA during their second go around... Talbots is in Hingham MA.. Guess who owns Talbots? Just take a quick guess...
I used to work for Coldwater Creek when they went bankrupt. Sycamore bought their intellectual rights and started the company up again. Coldwater Creek then went bankrupt again last year under Sycamore ownership and Syc sold it to a company in Hong Kong. Bet they made some profit off of that deal!