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In July, 2021, Sycamore Partners sold off 25.2% of the company to the public. It is currently traded on the New York Stock Exchange (NYSE) under the "CURV" symbol. Sycamore Partners currently owns 74.8% of the company.
- Sycamore Partners has been involved in more than a dozen retail industry buyouts since it was founded in 2011. It has acquired, and later exited, several major names in footwear, including Stuart Weitzman, Nine West and Kurt Geiger.
- While the firm has reaped hundreds of millions of dollars in profits from its investments, its methods have often been controversial, in some cases saddling retailers with massive debt that eventually played a role in their bankruptcies.
- Several of the businesses Sycamore has exited are now in healthier positions. Kurt Geiger, another former Jones Group property, was bought by European private equity firm Cinven for a reported $372 million in December 2015.
- The private equity business is a controversial specter in retail today, with critics accusing firms of extracting profits from the companies they invest in while leaving the stores too cash-strapped to compete.
Jan 10, 2024 · With the acquisition of Chico's FAS, private equity Sycamore Partners' Knitwell Group has virtually doubled its business, which includes Ann Taylor, Loft and Talbots.
Jun 17, 2021 · Executive Chairman John Lederer, who is also a senior adviser with Staples’ private equity owner Sycamore Partners, will take over as interim CEO following Douglas’s departure. The...
- Ben Unglesbee
Nov 3, 2022 · Sycamore Partners is a private equity firm based in New York. The firm specializes in retail, consumer, and distribution-related investments and partners with management teams to improve the operating profitability and strategic value of their business.
Nov 3, 2022 · Retail giant Lowe’s Companies, Inc., based in the United States, is selling its Canadian retail business to Sycamore Partners, a private equity firm specializing in retail, consumer and distribution-related investments, for $400 million in cash, and performance-based deferred consideration.
Nov 3, 2022 · MOORESVILLE, N.C., Nov. 3, 2022 – Lowe’s Companies, Inc. (NYSE: LOW) today announced that it has entered into a definitive agreement to sell its Canadian retail business to Sycamore Partners, a private equity firm specializing in retail, consumer and distribution-related investments, for $400 million in cash, and performance-based deferred ...
