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May 3, 2024 · Anirban holds a history degree from Jadavpur University and a post-graduate diploma in journalism from the Indian Institute of Journalism & New Media. Sycamore Partners is one of the buyout...
By Anirban Sen NEW YORK (Reuters) -Sycamore Partners is one of the buyout equity firms that have expressed interest in taking U.S. department store Nordstrom private, according to people...
May 2, 2024 · By Anirban Sen. NEW YORK (Reuters) - Sycamore Partners is one of the buyout equity firms that have expressed interest in taking U.S. department store operator Nordstrom private, according to...
May 2, 2024 · By. Reuters. 02 May 2024. Sycamore Partners is one of the buyout equity firms that have expressed interest in taking US department store Nordstrom private, according to people familiar with the matter.
- 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.
May 2, 2024 · NEW YORK, May 2 (Reuters) - Sycamore Partners is one of the buyout equity firms that have expressed interest in taking U.S. department store Nordstrom private, according to people familiar with the matter. Nordstrom said last month that CEO Erik Nordstrom and his brother Pete, who is the company's president, were exploring options to take the ...
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Scoop for Reuters this afternoon: Sycamore Partners is one of the buyout equity firms that have expressed interest in taking Nordstrom private, according to people familiar with the matter ...
