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WSJ: Japan's Fast Retailing in talks to buy J. Crew

  • Private-equity firms TPG and Leonard Green are in talks to sell clothing retailer J. Crew Group to Japan's Fast Retailing for up to $5B, the WSJ reports.
  • Reuters writes that South Korean fashion conglomerate E.Land Group, as well as Fast Retailing, are exploring a deal for J. Crew.
  • Any deal would forestall an IPO for the U.S. company, which earned EBITDA of $371M in FY 2014 vs $360M a year earlier, while revenues rose 9% to over $2.4B.
  • TPG and Leonard Green took J. Crew private for $2.8B in 2011.
Comments (1)
  • 1980XLS
    , contributor
    Comments (3314) | Send Message
     
    What happens to Mickey? Do they buy him too?

     

    Where does he go?

     

    $JCP would truly be the Mutha of all shortsqueezes

     

    That would be funny.
    2 Mar, 03:04 AM Reply Like
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