Friday, November 18, 2016
J. Crew mulls options for its popular Madewell brand
U.S. apparel company J. Crew Group Inc has started to separate its thriving Madewell brand from the parent group, people familiar with the matter said this week.
Battling sliding sales at its core J. Crew brand and a weighty debt burden, the company is working with investment bank Lazard Ltd to assess multiple strategic and balance sheet options, the people said.
The separation of Madewell, which has won over shoppers with its laid-back, artsy clothes, may lead to a sale or spinoff. However, the sources cautioned that no decision has been made.. . . more