Women’s apparel retailer Chico’s FAS rejects Sycamore’s $407m offer
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 – […]