Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user
You will be redirected back to your article in seconds

Chico’s Rejects Sycamore’s $353.8 Million Reduced Buyout Bid

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

The board of directors at Chico’s FAS Inc. on Thursday said it has “unanimously rejected” another offer, this time a lowered bid for a deal valued at $353.8 million, from Sycamore Partners to acquire the company. The latest decision represents the third official rejection following the private equity firm’s three attempts, with each subsequent offer…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!