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In 2003, Chico's FAS, Inc. purchased White House Black Market after the privately held firm went public. [6] The purchase price for the specialty retailer was $90M, with $85.6M in cash and about $4.4M in Chico's common stock.
A Chico's store in Chattanooga, Tennessee. Chico's FAS, Inc. is an American women's clothing and accessories retailer founded in 1983 on Sanibel Island, Florida.Founded by Marvin and Helene Gralnick, it is headquartered in Fort Myers, Florida and operates four brands: its namesake Chico's store, White House Black Market, Soma and TellTale.
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