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 […]
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 […]
Altria Group said that its subsidiary – UST LLC has agreed to divest its Ste. Michelle Wine Estates business to Sycamore Partners Management in an all-cash deal worth $1.2 billion. According to the tobacco giant, Sycamore Partners Management will also assume certain liabilities of Ste. Michelle Wine Estates business as part of the deal. Altria […]
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 and private equity firm Sycamore Partners have agreed to mutually terminate the previously announced $525m sale of a 55% stake in Victoria’s Secret Lingerie to the latter. The termination of the deal avoids a potential legal battle between the parties after Sycamore Partners filed a lawsuit in the Court of […]
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 […]
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 […]
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 – […]