KnitWell Group acquires Chico’s, White House Black Market, and Soma

KnitWell Group acquires Chico’s, White House Black Market, and Soma

KnitWell Group, comprising iconic apparel brands Ann Taylor, LOFT, and Talbots, has announced the acquisition of Chico’s, White House Black Market, and Soma, further expanding its retail portfolio. Following Chico’s FAS’s sale to Sycamore Partners, a private equity firm specializing in consumer and retail investments, KnitWell has added these established brands to its portfolio. Lizanne […]

Royal Caribbean Group to sell Azamara cruise brand to Sycamore Partners for $201m

Royal Caribbean Group to sell Azamara cruise brand to Sycamore Partners for $201m

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 […]

L Brands in talks to sell Victoria’s Secret to Sycamore Partners

L Brands in talks to sell Victoria’s Secret to Sycamore Partners

Ohio-based fashion retailer L Brands is in the process of divesting its Victoria’s Secret lingerie brand to private equity company Sycamore Partners, reported CNBC. L Brands has been looking to sell the lingerie retailer after its sales dropped apart from having competition from online retail companies. Currently, in the negotiation stage, the talks pertaining to […]

Women’s apparel retailer Chico’s FAS rejects Sycamore’s $407m offer

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 – […]