Alliance Data, Talbots Partner Up On Credit Card Program

Law360, New York (September 17, 2012, 5:03 PM EDT) -- Alliance Data Systems Corp. will manage the private label credit card program for private-equity backed clothing retailer The Talbots Inc. and has picked up receivables affiliated with the portfolio worth about $145 million, Alliance Data said Monday.

Talbots, which was bought by a Sycamore Partners unit just a few weeks ago, has sold off the receivables and, pending regulatory approval, has also agreed to sell the credit card accounts linked to the private label program, according to Alliance Data.

“We look forward to helping Talbots achieve...
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