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Sycamore Offers $3.50 a Share for Chico’s FAS in Deal Valued at $407.8M

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 disclosed it has offered to acquire Chico’s FAS Inc. in a deal valued at $407.8 million, or $3.50 a share, following initial attempts to start a conversation that were rebuffed by the women’s specialty chain. But the latest offer was noted by Chico’s to be lower than a previous offer…

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