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The store was an off-price retailer that sold clothing, jewelry, and home goods below the manufacturer suggested retail price. The chain focused on buyout and closeout merchandise, and occasionally irregular apparel and factory seconds. The stores were branded Schottenstein's in the Columbus, Ohio, market. The Schottenstein name was dropped in ...
At the time, J.Crew Group had around $2 billion in debt. [24] Also in 2017, Drexler approached Amazon Inc about selling J.Crew to the tech giant. [29] In the summer of 2017, the company avoided a bankruptcy filing by having bondholders do a debt swap tapping into its brand name value. The majority of the bondholders agreed to the deal, with ...
When the sale was finalized in July 2007, Golden Gate's stake in the company was 75% instead of the announced 67%. In May 2010, there was an initial public offering, On May 13, the company sold 16 million shares for $17 each, raising about $272 million. Shares had been planned to sell between $18 and $20 each.
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