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 […]
Royal Caribbean Group, an American global cruise holding company, has entered into a definitive agreement to sell its Azamara brand to Sycamore Partners, a private equity firm, for $201 million. The deal is an all-cash carve-out transaction which is subject to certain adjustments and closing conditions. Sycamore Partners will purchase the entire Azamara brand comprising […]
US fashion retailer L Brands has agreed to sell 55% stake in Victoria’s Secret Lingerie to private equity firm Sycamore Partners for about $525 million. As per the terms of the deal, Victoria’s Secret, which has been valued at $1.1 billion, will be separated from the fashion retailer into a privately-held company under the majority […]