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J.Crew Group was owned by the Cinader family for most of its existence, but in October 1997 investment firm Texas Pacific Group Inc. purchased a majority stake. By the year 2000, Texas Pacific held an approximate 62 percent stake, a group of J.Crew managers held about 10 percent, and Emily Cinader Woods, the chairman of J.Crew, along with her ...
In 2007, LGP acquired 17% shares of Whole Foods Market in a PIPE investment deal, "one of the best investments in our firm’s history" according to firm manager Jonathan Sokoloff, because it enabled LGP to acquire J.Crew, BJ’s Wholesale Club and Jo-Ann Stores with the cash made from Whole Foods. [14]
The J.Crew Group, an American clothing and accessories retailer based in New York City, was founded in 1983 with the launch of its catalog and expanded into brick-and-mortar retailing in 1989 with its first store at the South Street Seaport in New York City. J.Crew hired Drexler as chairman and CEO in 2003 after his abrupt departure from Gap.
In the recession that has robbed retailers of profits and growth, J.Crew has somehow managed to shine -- in the latest third quarter, the store's revenue was up 14%. According to a recent article ...
J. Crew is struggling – same-store sales have been down at J.Crew for the past three years, dropping by 8% in 2016 following a 10% decrease the year before. In its most recent quarter, sales ...
J.Crew catalogs from Fall 1989, Spring/Summer 1991 and, Summer 1989 Courtesy J.Crew
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Mickey Drexler, the former CEO of Gap Inc. and J. Crew Group, Inc., became the company's chairman of the board in the summer of 2017. [8] As of March 2018, the company had raised roughly $57 million in funding. [9] Lead investors include GV, General Catalyst Partners, and Forerunner Ventures. [9]