Friday, April 12, 2019

J. Crew is considering an IPO for its Madewell clothing brand

CNBC
J. Crew is exploring a potential initial public offering for its faster growing brand Madewell, the company said in a release Thursday.

The IPO for the preppy fashion retailer could happen as early as “the second half of 2019.”

J. Crew said the move is a part of its initiative to “maximize value, position both the J.Crew and Madewell brands for long-term growth, and deleverage and strengthen the Company’s balance sheet.”. . . more