• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form SC 13G filed

    2/12/21 4:22:38 PM ET
    $CHS
    Clothing/Shoe/Accessory Stores
    Consumer Discretionary
    Get the next $CHS alert in real time by email
    SC 13G 1 chs-sc13g_123120.htm SCHEDULE FILED TO REPORT ACQUISITION OF BENEFICIAL OWNERSHIP

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    WASHINGTON, D.C. 20549

    ______________

     

    SCHEDULE 13G
    Under the Securities Exchange Act of 1934

     

    INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO §240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO §240.13d-2.

     

    CHICO’S FAS, INC.

     

    (Name of Issuer)

     

    COMMON STOCK

     

    (Title of Class of Securities)

     

    168615102

     

    (CUSIP Number)

     

    December 31, 2020

     

    (Date of Event Which Requires Filing of this Statement)

     

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     

    ☒ Rule 13d-1(b)

    ☐ Rule 13d-1(c)

    ☐ Rule 13d-1(d)

     

    The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (as amended, the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

     - 1 -

     

     

    CUSIP No. 168615102    13G Page 2 of 7 pages

     

    1

     

    NAMES OF REPORTING PERSONS

     

    CONTRARIUS INVESTMENT MANAGEMENT LIMITED 

    2

     

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

     

    (a) ☒

    (b) ☐

     

    3

     

    SEC USE ONLY

     

    4

     

    CITIZENSHIP OR PLACE OF ORGANIZATION

    Jersey, Channel Islands

     

     

    NUMBERS OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH REPORTING PERSON WITH:

     

    5

     

    SOLE VOTING POWER               0

     

    6

     

    SHARED VOTING POWER             10,278,849

     

    7

     

    SOLE DISPOSITIVE POWER      0

     

    8

     

    SHARED DISPOSITIVE POWER       10,278,849

     

    9

     

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    10,278,849  

    10

     

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

     

                                               ☐

    11

     

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     

    8.6%  

    12

     

    TYPE OF REPORTING PERSON (See Instructions)

     

    FI  

     

     - 2 -

     

     

    CUSIP No. 168615102 13G Page 3 of 7 pages

     

    1

     

    NAMES OF REPORTING PERSONS

     

    CONTRARIUS INVESTMENT MANAGEMENT (BERMUDA) LIMITED 

    2

     

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

     

    (a) ☒

    (b) ☐ 

    3

     

    SEC USE ONLY

     

    4

     

    CITIZENSHIP OR PLACE OF ORGANIZATION

    Bermuda

     

     

    NUMBERS OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH:

     

    5

     

    SOLE VOTING POWER               0

     

    6

     

    SHARED VOTING POWER             10,278,849

     

    7

     

    SOLE DISPOSITIVE POWER       0

     

    8

     

    SHARED DISPOSITIVE POWER       10,278,849

    9

     

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    10,278,849  

    10

     

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

     

                                               ☐

    11

     

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     

    8.6%

    12

     

    TYPE OF REPORTING PERSON (See Instructions)

     

    FI  

     

     - 3 -

     

     

    SCHEDULE 13G

     

    Item 1(a). Name of Issuer:

     

    Chico’s FAS, Inc.

     

    Item 1(b). Address of Issuer’s Principal Executive Offices:

     

    11215 Metro Parkway, Fort Myers, Florida 33966

     

    Item 2(a). Name of Person Filing:

     

    Contrarius Investment Management Limited

     

    Contrarius Investment Management (Bermuda) Limited

     

    Item 2(b). Address of Principal Business Office or, if None, Residence:

     

    Contrarius Investment Management Limited - 2 Bond Street, St. Helier, Jersey JE2 3NP, Channel Islands

     

    Contrarius Investment Management (Bermuda) Limited – Waterloo House, 100 Pitts Bay Road, Pembroke HM 08 Bermuda

     

    Item 2(c). Citizenship:

     

    Contrarius Investment Management Limited is a company organized under the laws of Jersey, Channel Islands.

     

    Contrarius Investment Management (Bermuda) Limited is a company organized under the laws of Bermuda.

     

    Item 2(d). Title of Class of Securities:

     

    Common Stock

     

    Item 2(e). CUSIP Number:

     

    168615102

     

    Item 3. If this statement is filed pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

     

    (a) ☐ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

     

    (b) ☐ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

     

    (c) ☐ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

     

    (d) ☐ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

     

     - 4 -

     

     

    (e) ☐ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).

     

    (f) ☐ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).

     

    (g) ☐ A parent holding company or control person in accordance with § 240.13d– 1(b)(1)(ii)(G).

     

    (h) ☐ A savings association as defined in Section 3 (b) of the Federal Deposit Insurance Act (12 U.S. C. 1813).

     

    (i) ☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S. C. 80a-3).

     

    (j) ☒ A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J).

     

    (k) ☒ Group, in accordance with §240.13d-1(b)(1)(ii)(K).

     

    If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: Equivalent to IA.

     

    Item 4. Ownership.

     

    Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

     

    (a) Amount beneficially owned: 10,278,849

     

    (b) Percent of class: 8.6%

     

    (c) Number of shares as to which such person has:

     

    (i) Sole power to vote or to direct the vote: 0

     

    (ii) Shared power to vote or to direct the vote: 10,278,849

     

    (iii) Sole power to dispose or to direct the disposition of: 0

     

    (iv) Shared power to dispose or to direct the disposition of: 10,278,849

     

    Item 5. Ownership of Five Percent or Less of a Class.

     

    If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☐.

     

    Item 6. Ownership of More than Five Percent on Behalf of Another Person

     

    Other persons have the right to receive and the power to direct the receipt of dividends from, or the proceeds from the sale of the 10,278,849 shares of common stock of Chico’s FAS, Inc.

     

     - 5 -

     

     

    beneficially owned by Contrarius Investment Management Limited and Contrarius Investment Management (Bermuda) Limited.

     

    Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

     

    N/A

     

    Item 8. Identification and Classification of Members of the Group.

     

    Contrarius Investment Management Limited and Contrarius Investment Management (Bermuda) Limited are together making this filing because they may be deemed to constitute a “group” for the purposes of section 13(d)(3) of the Act.

     

    Item 9. Notice of Dissolution of Group.

     

    N/A

     

    Item 10. Certifications.

     

    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

     

    By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Contrarius Investment Management Limited and Contrarius Investment Management (Bermuda) Limited is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

     

     - 6 -

     

     

    SIGNATURE

     

    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     

        12 February 2021
         
      CONTRARIUS INVESTMENT MANAGEMENT LIMITED
         
         
      By: /s/ Thomas Daniel Perkins
      Name: Thomas Daniel Perkins
      Title: Director
         
        12 February 2021
         
      CONTRARIUS INVESTMENT MANAGEMENT (BERMUDA) LIMITED
         
      By: /s/ Michal Nosek
      Name: Michal Nosek
      Title: Director

     - 7 -

    Get the next $CHS alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $CHS

    DatePrice TargetRatingAnalyst
    3/30/2023$9.25Buy
    B. Riley Securities
    12/1/2021$5.25 → $6.00Neutral
    B. Riley Securities
    More analyst ratings

    $CHS
    Financials

    Live finance-specific insights

    See more
    • Chico's FAS, Inc. Reports Third Quarter Results in Line with Outlook

      FORT MYERS, Fla., Nov. 30, 2023 Reported third quarter diluted EPS of $0.04; adjusted diluted EPS of $0.11 Delivered total Company net sales of $505 millionAchieved gross margin of 38.9%, at high end of outlook Ended the quarter with $127 million in cash and marketable securities/PRNewswire/ -- Chico's FAS, Inc. (NYSE:CHS) ("Company" or "Chico's FAS") today announced its financial results for the thirteen weeks ended October 28, 2023 ("third quarter"). "We delivered third quarter results in line with our outlook," said Molly Langenstein, Chico's FAS Chief Executive Officer an

      11/30/23 7:00:00 AM ET
      $CHS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • Chico's FAS, Inc. Reports Second Quarter Results

      FORT MYERS, Fla., Aug. 29, 2023 /PRNewswire/ -- Reported second quarter diluted EPS of $0.49; adjusted diluted EPS of $0.28Delivered total Company net sales of $545 million, in line with outlookGenerated 8.5% operating margin with solid gross margin and disciplined expense management Strengthened balance sheet, ending quarter with $151 million in cash and marketable securities, and year-over-year debt reduction of $75 millionChico's FAS, Inc. (NYSE:CHS) ("Company" or "Chico's FAS") today announced its financial results for the thirteen weeks ended July 29, 2023 ("second quarte

      8/29/23 6:45:00 AM ET
      $CHS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • Chico's FAS, Inc. Announces Second Quarter Results Conference Call

      FORT MYERS, Fla., Aug. 15, 2023 /PRNewswire/ -- Chico's FAS, Inc. (NYSE:CHS) (the "Company" or "Chico's FAS") will host a conference call with security analysts on Tuesday, August 29, 2023, beginning at 8:00 a.m. ET to review the operating results for the second quarter ended July 29, 2023. The conference call is being webcast live over the Internet, which you may access in the Investors section of the Company's corporate website, www.chicosfas.com. A replay of the webcast will remain available online for one year at http://chicosfas.com/investors/events-and-presentations. The

      8/15/23 6:45:00 AM ET
      $CHS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary

    $CHS
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • B. Riley Securities initiated coverage on Chico's FAS with a new price target

      B. Riley Securities initiated coverage of Chico's FAS with a rating of Buy and set a new price target of $9.25

      3/30/23 9:11:52 AM ET
      $CHS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • B. Riley Securities reiterated coverage on Chico's FAS with a new price target

      B. Riley Securities reiterated coverage of Chico's FAS with a rating of Neutral and set a new price target of $6.00 from $5.25 previously

      12/1/21 9:26:57 AM ET
      $CHS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • Telsey Advisory Group reiterated coverage on Chico's FAS with a new price target

      Telsey Advisory Group reiterated coverage of Chico's FAS with a rating of Market Perform and set a new price target of $6.00 from $5.00 previously

      6/9/21 6:26:35 AM ET
      $CHS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary

    $CHS
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Kerr Deborah returned 203,877 shares to the company, closing all direct ownership in the company (SEC Form 4)

      4 - CHICO'S FAS, INC. (0000897429) (Issuer)

      1/9/24 5:25:38 PM ET
      $CHS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • Hufford Wendy L returned 101,457 shares to the company, closing all direct ownership in the company (SEC Form 4)

      4 - CHICO'S FAS, INC. (0000897429) (Issuer)

      1/9/24 4:52:49 PM ET
      $CHS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • Topper Joseph R. Jr. returned 188,364 shares to the company, closing all direct ownership in the company (SEC Form 4)

      4 - CHICO'S FAS, INC. (0000897429) (Issuer)

      1/9/24 4:51:15 PM ET
      $CHS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary

    $CHS
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G filed by Chico's FAS Inc.

      SC 13G - CHICO'S FAS, INC. (0000897429) (Subject)

      2/2/24 4:40:28 PM ET
      $CHS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • SEC Form SC 13G/A filed by Chico's FAS Inc. (Amendment)

      SC 13G/A - CHICO'S FAS, INC. (0000897429) (Subject)

      2/13/23 12:12:12 PM ET
      $CHS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • SEC Form SC 13G/A filed by Chico's FAS Inc. (Amendment)

      SC 13G/A - CHICO'S FAS, INC. (0000897429) (Subject)

      2/9/23 11:12:45 AM ET
      $CHS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary

    $CHS
    Press Releases

    Fastest customizable press release news feed in the world

    See more

    $CHS
    SEC Filings

    See more
    • Sycamore Partners Completes Acquisition of Chico's FAS, Inc.

      FORT MYERS, Fla., Jan. 5, 2024 /PRNewswire/ -- Chico's FAS, Inc. ((", Company", or ", Chico', s FAS, ", NYSE:CHS) today announced the completion of its acquisition by Sycamore Partners, a private equity firm specializing in retail, consumer, and distribution-related investments, for $7.60 per share, in an all-cash transaction valued at approximately $1 billion. "Joining the Sycamore portfolio of leading retail brands marks an important milestone for Chico's FAS and continues our journey as a customer-led, product-obsessed, digital-first, and operationally excellent company," s

      1/5/24 8:40:00 AM ET
      $CHS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • Pure Storage Set to Join S&P MidCap 400; Patterson Companies to Join S&P SmallCap 600

      NEW YORK, Jan. 2, 2024 /PRNewswire/ -- Pure Storage Inc. (NYSE:PSTG) will replace Patterson Companies Inc. (NASD:PDCO) in the S&P MidCap 400, and Patterson Companies will replace Chico's FAS Inc. (NYSE:CHS) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, January 5. Sycamore Partners is acquiring Chico's FAS in a transaction expected to be completed on or about that date pending final conditions. Patterson Companies has a market capitalization that is more representative of the small-cap market space.                                Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index N

      1/2/24 6:21:00 PM ET
      $CHS
      $PDCO
      $PSTG
      $SPGI
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
      Medical Specialities
      Health Care
    • Chico's FAS, Inc. Reports Third Quarter Results in Line with Outlook

      FORT MYERS, Fla., Nov. 30, 2023 Reported third quarter diluted EPS of $0.04; adjusted diluted EPS of $0.11 Delivered total Company net sales of $505 millionAchieved gross margin of 38.9%, at high end of outlook Ended the quarter with $127 million in cash and marketable securities/PRNewswire/ -- Chico's FAS, Inc. (NYSE:CHS) ("Company" or "Chico's FAS") today announced its financial results for the thirteen weeks ended October 28, 2023 ("third quarter"). "We delivered third quarter results in line with our outlook," said Molly Langenstein, Chico's FAS Chief Executive Officer an

      11/30/23 7:00:00 AM ET
      $CHS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • SEC Form 15-12G filed by Chico's FAS Inc.

      15-12G - CHICO'S FAS, INC. (0000897429) (Filer)

      1/19/24 6:01:27 AM ET
      $CHS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • SEC Form S-8 POS filed by Chico's FAS Inc.

      S-8 POS - CHICO'S FAS, INC. (0000897429) (Filer)

      1/12/24 6:02:25 AM ET
      $CHS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • SEC Form S-8 POS filed by Chico's FAS Inc.

      S-8 POS - CHICO'S FAS, INC. (0000897429) (Filer)

      1/12/24 6:02:26 AM ET
      $CHS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary

    $CHS
    Leadership Updates

    Live Leadership Updates

    See more
    • Pure Storage Set to Join S&P MidCap 400; Patterson Companies to Join S&P SmallCap 600

      NEW YORK, Jan. 2, 2024 /PRNewswire/ -- Pure Storage Inc. (NYSE:PSTG) will replace Patterson Companies Inc. (NASD:PDCO) in the S&P MidCap 400, and Patterson Companies will replace Chico's FAS Inc. (NYSE:CHS) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, January 5. Sycamore Partners is acquiring Chico's FAS in a transaction expected to be completed on or about that date pending final conditions. Patterson Companies has a market capitalization that is more representative of the small-cap market space.                                Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index N

      1/2/24 6:21:00 PM ET
      $CHS
      $PDCO
      $PSTG
      $SPGI
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
      Medical Specialities
      Health Care
    • Chico's FAS, Inc. Appoints Christine Munnelly as SVP of Merchandising & Design at Soma®

      FORT MYERS, Fla., Sept. 15, 2022 /PRNewswire/ -- Chico's FAS, Inc. (NYSE:CHS) (the "Company" or "Chico's FAS") today announced the appointment of executive Christine Munnelly as the Senior Vice President of Merchandising & Design at Soma®. She will be responsible for the product, design and overall strategy for Soma and will report directly to Molly Langenstein, CEO and President of Chico's FAS. With over 35 years of experience in the corporate retail landscape working for an accomplished portfolio of vertical specialty and department stores, Munnelly is a veteran in leading t

      9/15/22 10:30:00 AM ET
      $CHS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • Chico's FAS, Inc. Appoints Leana Less as Senior Vice President of Marketing

      FORT MYERS, Fla., Aug. 30, 2022 /PRNewswire/ -- Chico's FAS, Inc. (NYSE:CHS) (the "Company" or "Chico's FAS") today announced the appointment of former Aveda and Coca-Cola Company executive Leana Less as Senior Vice President of Marketing. A seasoned global marketing leader with 27 years of progressive marketing experience across several category verticals ranging from beauty and CPG, to tech and personal care, Less is now turning her attention to women's and intimate wear. Drawing upon her robust experience, Less will lead marketing efforts for all three Chico's FAS brands an

      8/30/22 9:00:00 AM ET
      $CHS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary