Friday, March 29, 2019

J. Crew once again in debt restructuring talks

Retail Dive
J. Crew is once again working with restructuring lawyers as it grapples with its debt amid falling sales and ebbing cash reserves, Reuters reports, citing unnamed sources.

The struggling apparel retailer has Weil, Gotshal & Manges LLP on the line, according to the report. That's the same law firm J. Crew hired during last year's debt-driven drama and the practice is known for its bankruptcy expertise.. . . more