Sycamore Partners completed the acquisition of Chico's FAS for $1bn.

Sycamore Partners, a private equity firm, completed the acquisition of Chico's FAS, a Florida-based fashion company, for $1bn. "Joining the Sycamore portfolio of leading retail brands marks an important milestone for Chico's FAS and continues our journey as a customer-led, product-obsessed, digital-first, and operationally excellent company. Sycamore and Chico's FAS both share a commitment to providing solutions, building communities, and creating memorable experiences to bring women confidence and joy. We look forward to working together to reach even greater levels of success," Molly Langenstein, Chico's FAS CEO and President.