Sycamore Partners acquires US’ Chico’s FAS in $1 bn transaction

Chico’s FAS has been acquired by Sycamore Partners for $7.60 per share in a $1 billion all-cash transaction.
The acquisition ends Chico’s FAS’s listing on the NYSE, marking a new phase for its retail brands with a focus on customer-led and digital-first strategies.
The deal was facilitated by Solomon Partners and Paul, Weiss for Chico’s FAS.

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