Sycamore Partners Completes Acquisition of Chico's FAS, Inc.

FORT MYERS, Fla., Jan. 5, 2024 /PRNewswire/ -- Chico's FAS, Inc. ("Company" or "Chico's FAS,"NYSE: CHS) today announced the completion of its acquisition by Sycamore Partners, a private equity firm specializing in retail, consumer, and distribution-related investments, for $7.60 per share, in an all-cash transaction valued at approximately $1 billion. "Joining the Sycamore portfolio of leading retail brands marks an important milestone for Chico's FAS and continues our journey as a customer-led, product-obs ...