FINANCE

Sycamore extends Talbots offer for a second time

BY Marianne Wilson

New York — Sycamore Partners extended its tender offer to buy The Talbots Inc. to Aug. 2. It is the second extension given by Sycamore to the retailer.

The private equity firm said in May that it would buy Talbots for $193.3 million. The tender offer was previously scheduled to expire at 5 p.m. ET on July 27.

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OPERATIONS

Retired chairman of KPMG joins Wal-Mart board

BY Marianne Wilson

Bentonville, Ark. — Wal-Mart Stores announced on Monday that the retired chairman of accounting and consulting firm KPMG International has joined its board of directors, effective immediately.

Timothy Flynn, 55, will serve as a member of the retailer’s audit committee and becomes the 17th member of Wal-Mart’s board.

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FINANCE

Williams-Sonoma names CFO

BY Staff Writer

San Francisco — Williams-Sonoma has named Julie Whalen as permanent CFO. Whalen replaces Sharon McCollam, who retired in March. Whalen had been serving as acting CFO since McCollam retired.

Whalen joined Williams-Sonoma, which operates namesake stores, Pottery Barn, West Elm, and other stores, in 2001 and has served in a variety of positions, including treasurer.

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