Sycamore news and archive

Ted Baker rejects 250 million pound takeover bid from Sycamore

After earlier reports of Sycamore, a New York-based private equity company, offering 250 million pounds for a takeover of Ted Baker, the fashion chain swiftly refused. Ted Baker declined the proposal which would see Sycamore pay 130 pence per share for the London-listed fashion brand. Sycamore increased the offer to 137.50 pence, which the brand...

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Business

Sycamore to take control of Victoria's Secret

L Brands has announced that Victoria’s Secret, with a total enterprise value of 1.1 billion dollars, will be separated from L Brands into a privately-held company majority-owned by Sycamore with Sycamore acquiring 55 percent interest for approximately 525 million dollars and L Brands retaining a 45 percent stake. The company expects to report a...

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Business

The race for Hunkemöller continues with 3 new contestants

The race to take over Dutch lingerie giant Hunkemöller continues, in spite of industry speculation earlier last month claiming US private equity firm Sycamore Partners was close to sealing the deal. Three candidates are said to be interested in acquiring the lingerie brand, and Sycamore is not among them according to an interview with Hunkemö...

Design

Sycamore shows interest in American discounter Fred´s

Private equity firm Sycamore Partners is in talks with US-based regional discount storeoperator Fred's Inc (FRED.O) about a potential takeover, according to people familiar with the matter. As reported by Reuters on Friday, the alleged talks are at an early stage. Sources quoted by Reuters preferred to remain anonymous given the private nature...

Fashion

Sycamore takes up larger stake in ailing Aeropostale

ANALYSIS_ Private capital firm Sycamore Partners is taking a larger stake in Aeropostale Inc. as the retailer reported another weak quarter - the fourth in a row - and gave a gloomy forecast. The teen apparel brand is in the process of overhauling its strategy. As unveiled Thursday, Aeropostale has struck a deal in which Sycamore its affiliates...

Design

Andrew Lee exits Kurt Geiger

Andrew Lee, licensing, franchise and wholesale director at Kurt Geiger, the UK's second largest footwear retailer, has handed in his resignation. Lee joined Kurt Geiger back in 2006, where he worked his way up the role of interim merchandising director before being promoted to his directorial role, which he has held for the past six years....

Design

Sycamore Partners acquires The Jones Group

The Jones Group and Sycamore Partners have announced that they have entered into a definitive agreement pursuant to which affiliates of Sycamore Partners will acquire The Jones Group for 15 dollars per share in cash, or a total of approximately 1.2 billion dollars. The transaction is valued at approximately 2.2 billion dollars, including net...

Fashion

Sycamore Partners finally buys Talbots at reduced $369 mln

After two hectic weeks and a withdraw announcement by suitor Sycamore Partners (second largest shareholder up to the acquisition), Talbots has agreed to be bought by the private-equity firm for a reduced price of $369 million, including debt. Shareholders will get $2.75 per share, the retailer said Thursday. The offer is lower than Sycamore's...

Fashion

Sycamore withdraws from Talbots buyout

Talbots Inc. has to “continue to explore strategic alternatives” after private equity firm Sycamore Partners informed that it is “not prepared to execute a transaction” to acquire the women’s apparel retailer for $3.05 per share. New York-based Sycamore is "not prepared to execute a transaction at this time," after luring Talbots into exclusive...

Fashion

New private equity fund buys 9.9% of Talbots

The women's clothing retailer rose 8.4% to $3.75 soon after an investor group led by Sycamore Partners announced a 9.9% stake in the company early this week. The group said Talbots' stock is underrated and presents a striking investment. Sycamore Partners, a new private equity firm focused on the consumer and retailer sectors, is in the process...