Chico's +11.9% AH; company reportedly exploring sale

|About: Chico's FAS, Inc. (CHS)|By:, SA News Editor

The FT reports Chico's (CHS) is "exploring a sale to private equity," and has held talks with several firms.

Discussions are said to be at a preliminary stage. P-E firm Leonard Green, which bought a 1.3% stake in the apparel chain owner in April and has invested in J Crew and Sports Authority, is named as a potential suitor.

Shares closed regular trading today not far from a 52-week low of $14.90.