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Chico’s Board Rejects $407.8 Million Offer From Sycamore Partners

Where are fashion’s priorities? How sustainability will fare post pandemic is just one of many open questions. Join SJ on July 15 at 11 am for a webinar on how the crisis will affect future sourcing decisions and how to better measure progress.

Private equity firm Sycamore Partners, which offered $3.50 a share to acquire Chico’s FAS Inc. in a deal valued at $407.8 million, has been rebuffed again. Sycamore made its offer last week, noting that it chose to go public after getting the cold shoulder once before. The initial offer was $4.30 a share, which the…

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