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US fashion-retailing icon J Crew has collapsed under the weight of US$2 billion of debt and with all 492 stores closed due to the Covid-19 epidemic. The company, founded in 1947, entered Chapter 11 bankruptcy protection this week allowing it to restructure…
American fashion brand J Crew is to close its two Hong Kong stores later this month, six years after it chose the city as the launchpad for a failed Asian foray. Notices have been posted on the doors of the two J Crew Hong Kong stores – at Times Square in…
The Madewell denim brand is set to be split off from J Crew as part of a planned IPO by parent Chinos Holdings. Documents lodged with the US Securities and Exchange Commission on Friday show Chinos plans to raise funds to pay off some of its US$1.7 billion in…
J.Crew chairman and former-chief executive Millard “Mickey” Drexler has stepped down from his position to focus on other interests, including the development of investment business Dexler Ventures, LLC. Chad Leat has been elected as chairman effective…
J.Crew chief executive Jim Brett is exiting the company, the retailer said, and a committee of four executives will step in to manage operations until a replacement is found. The statement said the decision had been mutual between Brett and the board of…
A new J Crew brand is under development as the US fashion house seeks to broaden its appeal to younger female shoppers. In an interview, J Crew CEO Jim Brett says the company sees itself as having more than two brands. “In fact, we’ll be announcing one new…
Adam Brotman, a longtime Starbucks executive who helped mold the Seattle coffee giant into one of the most technologically advanced retailers, is leaving the company after nine years for a top role at J.Crew. Brotman will join J.Crew as president and chief…
Asian online fashion destination Zalora and J.Crew have announced they are forming a partnership to expand the US brand’s reach. From next month, a curated range of J.Crew’s women’s ready-to-wear and shoes as well as men’s apparel and accessories will be…
US listed fashion retailer J Crew’s woes are worsening, with the company’s namesake brand dragging the business towards a significant loss. As a result the company will shutter another 39 stores in the final quarter, taking the total closed for the year to…
In closing what can only be described as a torrid year for the company, J Crew has posted a weak, but improved, set of fourth quarter figures. Total sales rose by 1 per cent, boosted by strong sales gains of 26 per cent at Madewell. While this compares…
