Chico's FAS news and archive

Chico's-FAS shares on the rise after loss widens over the fourth quarter

Shares at Chico’s-FAS surged Thursday despite the women's clothing retailer’s reported 21.1 million dollars loss in the fourth quarter. The jump is explained by the fact that, despite broader, the loss still beat Wall Street expectations. The stock (NYSE: CHS) closed at 12.56 dollars, up 1.64 dollars – circa 15 percent – on Thursday. The company...

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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...

Business

Tuesday: a good day for insider selling

Tuesday witnessed a high deal of insider selling within the apparel industry, with the likes of Abercrombie & Fitch, Chico’s FAS and Nike making it to the news due to the high volume of shares changing (insider) hands. According to a SEC Form-4 filing, the president of Hollister brand and executive at Abercrombie & Fitch Co, Horowitz Bonadies...

Business

Sycamore reportedly abandons plans to buy Chico’s FAS

Private equity firm Sycamore Partners has abandoned its attempt to buy apparel retailer Chico's FAS Inc (CHS.N) after failing to secure financing on acceptable terms, the ‘Wall Street Journal’ reported quoting a person familiar with the matter. Sycamore was trying to raise debt financing for the deal estimated to reach 3 billion dollars, Reuters...

Business

Sycamore reportedly in talks to buy Chico 's FAS

Private equity firm Sycamore Partners is reportedly in talks to buy apparel retailer Chico's FAS Inc. According to sources close to the matter quoted by Reuters, the private equity firm would be trying to secure debt financing for a deal that could reach 3 billion dollars. Same sources, who have chosen to remain anonymous given the private...