Chico 's FAS news and archive

Chico’s FAS becomes part of Sycamore Partners KnitWell Group

Private equity firm Sycamore Partners has announced the completion of its acquisition of Chico’s FAS in an all-cash transaction valued at approximately one billion dollars. Following the acquisition, the apparel group is now a privately held company and part of KnitWell Group, a holding company created last year by the private equity firm that...

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Chico’s will wave bye to Boston Proper business

Womesnwear group Chico’s FAS will sell its Boston Proper brand and chain as the brand’s soul is under threat of “getting lost” among the group’s other brands and business units. “I love Boston Proper,” said CEO Dave Dyer in a call with analysts on Wednesday. “It’s a great direct business, but in the scope of our megabrands without the stores, we...