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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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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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...