Chico’s FAS, Inc., a prominent name in the fashion retail industry, announced the completion of its acquisition by Sycamore Partners, a private equity firm known for its investments in the consumer and retail sectors. The transaction, valued at approximately $1 billion, was settled at $7.60 per share in an all-cash deal, leading to the delisting […]
US women’s apparel retailer Chico’s FAS has rejected private equity firm Sycamore Partners’ offer to acquire it for $407.8 million or $3.50 per share in cash as it undervalued the company and is not in the best interest of its shareholders. The Florida-based Chico’s FAS sells women’s apparel, accessories and related products through three brands – […]
