Who does Sycamore Partners own?
3 min read
Asked by: Angela Thomsen
About Sycamore Partners The firm’s investment portfolio currently includes Belk, Coldwater Creek, EMP Merchandising, Hot Topic, MGF Sourcing, NBG Home, Nine West Holdings, Talbots, The Limited and Torrid.
Does Sycamore Partners still own Staples?
The CEO transition comes as USR Parent Inc., which runs the Staples stores and is also owned by Sycamore, is attempting to acquire the retail arm of ODP Corporation, the parent company of Office Depot.
Does Sycamore Partners own Belk?
Charlotte, N.C.-based Belk, Inc., the nation’s largest family owned and operated department store, entered into a definitive merger agreement to be acquired by New York-based private equity firm Sycamore Partners. The purchase price values the firm at approximately $3.0 billion.
When did Sycamore Partners buy Talbots?
NEW YORK and HINGHAM, Mass., Aug. 7, 2012 /PRNewswire/ — Sycamore Partners today announced that TLB Merger Sub Inc. (an affiliate of Sycamore Partners) has completed its acquisition of The Talbots, Inc., following the previously announced completion of its tender offer on August 3, 2012.
How much did Sycamore pay for Staples?
$6.9 billion
The gamble seemed to pay off at the time, as Sycamore Partnersagreed to acquire Staples in June 2017 for $6.9 billion.
Who owns Dillards?
Son Bill Dillard II has served as chief executive officer since his father retired in 1998 and owns 10% of the company, while brothers, Alex Dillard and Mike Dillard, are president and executive vice president, respectively.
Are Belk and Dillard’s the same company?
Results were generated by 138 employees and customers of Belk and 498 employees and customers of Dillard’s. Belk’s brand is ranked #- in the list of Global Top 1000 Brands, as rated by customers of Belk.
Belk vs Dillard’s.
| 42% | Promoters |
|---|---|
| 16% | Passive |
| 42% | Detractors |
Is Belk owned by Macy’s?
Belk was founded in the Charlotte area in 1888 by the Belk family. The private company was acquired in 2015 by New York private equity firm Sycamore Partners for about $3 billion. Brownfield covers restaurants, retail, courts and Procter & Gamble.
Who owns Staples and Office Depot?
Staples, sold itself to the private equity firm Sycamore Partners in 2017 for $6.9 billion. Staples filed for antitrust approval to acquire Office Depot’s consumer division in November in hopes of clearing the path for such a deal.
Who owns Staples retail stores?
Staples Inc.
| Logo since 2019 | |
|---|---|
| Store in Saugus, Massachusetts, November 2012 | |
| Revenue | US$ 14 billion (FY 2019) |
| Owner | Sycamore Partners (2017–present) |
| Number of employees | 75,000 (2021) |
Who bought out Office Depot?
USR Parent in November, 2021 said its non-binding $1-billion cash offer to purchase ODP’s consumer business, including its Office Depot and OfficeMax retail stores business, the Company’s direct channel business, and the Office Depot and OfficeMax intellectual property, including all brand names, remained in play.
