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Sycamore Submits Lower Bid for Chico’s, With Deal Value Now at $353.8 Million

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chico's fas sycamore partners
The core Chico's brand is said to be improving, while Soma is doing well. The White House Black Market concept still needs a bit more work to turnaround the operation.
CREDIT: Shutterstock

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Sycamore Partners is trying again to acquire women’s specialty chain Chico’s FAS Inc., but for the second time–and third effort–the private equity firm has decided to proceed with a lower bid. The private equity firm disclosed in a regulatory filing Wednesday with the Securities and Exchange Commission that it sent a new letter to the…

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