×
81 717
Fashion Jobs
MACY'S
Asset Protection Detective, Southcenter - Full Time
Permanent · Seattle
MACY'S
Asset Protection Detective, Dadeland - Standard Part Time
Permanent · Miami
MACY'S
Asset Protection Detective, Dadeland - Full Time
Permanent · Miami
MACY'S
Asset Protection Detective, Reno Meadowwood - Full Time
Permanent · Reno
MACY'S
Asset Protection Security Guard, Northpark Center - Flex
Permanent · Dallas
MACY'S
Asset Protection Detective, Queens Center - Standard Part Time
Permanent · New York
MACY'S
Asset Protection Captain, Sunrise - Full Time
Permanent · Citrus Heights
MACY'S
Asset Protection Detective, Maplewood - Standard Part Time
Permanent · Maplewood
MACY'S
Asset Protection Detective, Thousand Oaks - Full Time
Permanent · Thousand Oaks
MACY'S
Asset Protection Detective, Del Amo Fashion Center - Full Time
Permanent · Torrance
SAKS OFF 5TH
Manager, Marketing Strategy
Permanent · NEW YORK
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Southaven
Permanent · Southaven
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Opry Mills
Permanent · Nashville
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Opry Mills
Permanent · Nashville
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Opry Mills
Permanent · Nashville
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Outlet Shoppes of The Bluegrass
Permanent · Simpsonville
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Opry Mills
Permanent · Nashville
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Southaven
Permanent · Southaven
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Southaven
Permanent · Southaven
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Southaven
Permanent · Southaven
COTY
Manager, PR & Influencer Marketing
Permanent · New York
OLD NAVY
General Manager - Outlets of Little Rock
Permanent · Little Rock
By
Reuters
Published
Mar 19, 2014
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Fast Retailing pulls out of talks to buy J.Crew

By
Reuters
Published
Mar 19, 2014

NEW YORK, United States - Japan's Fast Retailing, parent of apparel chain Uniqlo, is no longer in talks to buy U.S. clothing retailer J.Crew Group Inc from its private equity owners, three people familiar with the matter said on Tuesday.

The talks ended in recent weeks, the people said, adding that an initial public offering for J.Crew is still on the table.

It is possible that the talks with Fast Retailing may be revived, one of the people said.

J.Crew, which was taken private by TPG Capital LP and Leonard Green & Partners LP for $2.8 billion in 2011, hoped to fetch at least $5 billion in a sale, Reuters and others previously reported.

J.Crew and Fast Retailing could not be reached for comment. TPG and Leonard Green declined to comment.

Run by well-known executive Mickey Drexler, J.Crew is a multi-channel retailer of women's, men's and children's apparel, shoes and accessories. As of February, the company operated 330 retail stores, including 257 J.Crew retail stores, eight crewcuts stores and 65 Madewell stores, according to its website.

In the fiscal year ended February 1, J.Crew's revenues increased 9 percent to more than $2.4 billion while adjusted earnings before interest, taxes, depreciation and amortization rose to as much as $371 million from $360 million in the prior year.

Fast Retailing also owns U.S. apparel brands Theory and J Brand. The company started trading on the Hong Kong stock exchange in early March.

Chief Executive Tadashi Yanai has set a lofty goal of making

his company the world's top apparel retailer by 2020 by quintupling revenue to 5 trillion yen ($49 billion), overtaking Zara's Inditex, H&M and Gap.

While Uniqlo's global expansion has been driven primarily by Asia so far, it plans to accelerate a push into the United States, adding 20-30 shops a year to reach 100 outlets in several years.

© Thomson Reuters 2022 All rights reserved.