divesting Pathlight Capital In 2017, Sycamore's Nine West Holdings acquired Kasper and Sycamore Partners purchased NBG Home. The firm then went onto win the bid for The Limited, bidding $26.8 million. In June 2017, Reuters reported that Staples Inc. had agreed to sell itself for $6.9 billion. Sycamore also sold over 300 Dollar Express stores to rival, Dollar General. In July 2020, it was announced that Sycamore Partners had made a $1.75B offer to acquire department store chain and competitor JCPenney out of bankruptcy, and would rebrand 250 JCPenney stores to the Belk name, to help the chain compete directly with Macy's. Under the plan, the remaining JCPenney stores will be liquidated. The plan was not selected. In January 2021 Sycamore Partners bought Azamara Cruises from the Royal Caribbean Group. On March 16, 2022, it was announced the Sycamore and Hudson's Bay Company are preparing bids to buy Kohl's. On November 3, 2022, Lowe's announced that it has entered into a definitive agreement to sell its Canadian retail business to Sycamore Partners. References Private equity firms of the United States Financial services companies based in New York City Financial services companies established in 2011 2011 establishments in New York City Privately held companies based in New York City