New York Magazine Author: Amy Odell Article Mentions
Author, Amy OdellMentioned, Christine Chen Mentioned, Mickey Drexler Mentioned, J. Crew Mentioned, Urban Outfitters
When one person wants you, they all do. And so Sears and Urban Outfitters might try to scoop up J. Crew, after the company announced plans to go private with a $2.8 billion sale to private equity firms TPG Group and Leonard Green & Partners LP. "Three people with knowledge of the matter" tell Bloomberg Sears and Urban are "studying J. Crew's books," though neither would say if they plan to make a bid. The bids must be submitted by January 15, however, which is when J. Crews official shopping around period ends. One analyst says that Sears and Urban's idea doesn't make sense. Sears buying the clothing chain would be great for Sears, but horrible for J. Crew, said Christine Chen, a San Francisco-based analyst for Needham & Co. J. Crew is posi...(read more)
... When one person wants you, they all do. And so Sears and Urban Outfitters might try to scoop up J. Crew, after the company announced plans to go private with a $2.8 billion sale to private equity firms TPG Group and Leonard Green & Partners LP. "Thre ...
... a San Francisco-based analyst for Needham & Co. J. Crew is positioned as aspirational and Sears is not. It would have a negative impact on the J. Crew brand. A J. Crew-Urban Outfitters tie-up would make less sense because the two companies have overl ...
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