Chico's Buys Boston Proper
Fort Myers, Fla.–based Chico’s FAS Inc. is expanding its misses empire with the acquisition of Boca Raton, Fla.–based catalog retailer Boston Proper Inc. for $205 million. The two retailers’ brands are “highly complementary,” according to Chico’s Chief Executive Officer and President David Dyer. The company said the acquisition will allow Boston Proper to “accelerate its strategic initiatives to grow revenues and profitability” as it joins the company’s portfolio of retail brands, which includes Chico’s, White House Black Market and Soma Intimates.
