M&A Deal Summary

Chico s FAS Acquires Boston Proper

On August 17, 2011, Chico s FAS acquired retailer Boston Proper for 205M USD

Acquisition Highlights
  • This is Chico s FAS’s 1st transaction in the Retail sector.
  • This is Chico s FAS’s largest (disclosed) transaction.
  • This is Chico s FAS’s 1st transaction in the United States.
  • This is Chico s FAS’s 1st transaction in Florida.
Investment Fate
  • Boston Proper was divested to a consortium of buyers in 2016.

M&A Deal Summary
Date 2011-08-17
Target Boston Proper
Sector Retail
Buyer(s) Chico s FAS
Deal Type Add-on Acquisition
Deal Value 205M USD
Advisor(s) Janney Montgomery Scott LLC (Financial)

Target

Boston Proper

Boca Raton, Florida, United States
website
Boston Proper is a specialty retailer of women’s high-end apparel and accessories inspired by women who are fearlessly feminine, enviably chic and possess the poise and confidence to Wear It Like No One Else®. Characterized by highly differentiated merchandise and a desirable and aspirational look, the brand emphasizes an iconic, classy and sexy aesthetic, delivering on-trend styles with age-appropriate fits that cultivate glamour and inspire individuality. Boston Proper was founded in 1992 and is based in Boca Raton, Florida.

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Buyer(S) 1

Buyer

Chico s FAS

Fort Myers, Florida, United States

website

Category Company
Founded 1983
Sector Apparel/Textiles
Employees12,700
Revenue 1.8B USD (2022)
DESCRIPTION
Entrance to Chico's headquarters in Fort Myers, Florida.
Entrance to Chico's headquarters in Fort Myers, Florida.

Chico's FAS is a retailer focused on women older than 35. The Company’s portfolio consists of four brands: Chico’s, White House | Black Market, and Soma Intimates. The Company's brands are all specialty retailers of private label women’s apparel, accessories, and related products, which are available to customers in stores, through websites and via telephone through a call center. Chico's FAS was founded in 1983 and is based in Fort Myers, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-19 Boston Proper

Boca Raton, Florida, United States

Boston Proper is a specialty retailer of women’s high-end apparel and accessories inspired by women who are fearlessly feminine, enviably chic and possess the poise and confidence to Wear It Like No One Else®. Characterized by highly differentiated merchandise and a desirable and aspirational look, the brand emphasizes an iconic, classy and sexy aesthetic, delivering on-trend styles with age-appropriate fits that cultivate glamour and inspire individuality. Boston Proper was founded in 1992 and is based in Boca Raton, Florida.

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