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January 24, 2026
Chico’s Completes Acquisition by Sycamore Partners for $1 Billion
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- Paul, Weiss represented Chico’s FAS, Inc., a Florida-based fashion company, in its acquisition by a fund affiliated with private equity firm Sycamore Partners
- The transaction provided Chico’s FAS shareholders with $7.60 per share in cash, a 65% premium over the company’s closing stock price on September 27
- The legal team from Paul, Weiss included partners and counsel from corporate, executive compensation, intellectual property, litigation, tax, real estate, antitrust, and environmental practices.
Paul, Weiss advised Florida-based fashion company Chico’s FAS, Inc. in its take-private sale to a fund affiliated with private equity firm Sycamore Partners. Under the terms of the deal, Chico's FAS shareholders received $7.60 per share in cash, representing a 65% premium to the company's closing stock price on September 27.
The Paul, Weiss team is led by corporate partners Laura Turano and Scott Barshay and counsel Cristina Amodeo, and includes, among others, corporate partner Christodoulos Kaoutzanis and counsel Patricia Vaz de Almeida; executive compensation partner Jarrett Hoffman and counsel Sasha Belinkie; intellectual property partner Claudine Meredith-Goujon; litigation counsel Steven Herzog; tax partner Robert Holo; real estate partner Peter Fisch; antitrust counsel Marta Kelly; and environmental counsel William O'Brien.
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