Report: Chico’s considers going private

Fort Myers, Fla. — Chico’s FAS Inc. is reportedly considering taking itself private. According to Financial Times, the women’s apparel retailer has been holding talks with several private equity firms in recent weeks.

While sources indicated Chico’s has been having conversations about going private, they have not clarified whether the retailer would go into partnership with a private equity investor or simply sell the business to a private interest. Chico’s current market value is $2.36 billion, and experts believe the company could get about 30% of that figure, or roughly $700 million, if it went private.

 

 

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