×
187
Fashion Jobs
ARCADIA GROUP
Commercial Marketing Manager
Permanent · London
PUMA
Operations Coordinator Ecommerce
Permanent · Manchester
LAIDBACK LONDON
Social Media And E-Commerce Manager
Permanent · HARROW
SHISEIDO
Bareminerals Account Manager - Boots, Hull (30)
Permanent · Kingston upon Hull
NEW BALANCE
Associate Marketing Manager, European Key Accounts
Permanent · Warrington
ARCADIA GROUP
SEO Executive
Permanent · London
ARCADIA GROUP
HR Manager - Leeds Distribution Centre
Permanent · Leeds
SHISEIDO
Bareminerals Account Manager - Boots Clayton Square (30)
Permanent · Liverpool
SHISEIDO
Bareminerals Account Manager - Debenhams, Trafford (35)
Permanent · Stretford
SHISEIDO
Bareminerals Account Manager - Debenhams, Carlisle (22.5)
Permanent · Carlisle
ARCADIA GROUP
Environments And Release Manager
Permanent · LONDON
SHISEIDO
Bareminerals Account Manager - Debenhams, Colchester (Maternity Cover)
Permanent · Colchester
TOPSHOP TOPMAN
Online Visual Merchandising Manager
Permanent · London
TOPMAN
Buyer (Maternity Cover)
Permanent · London
SHISEIDO
Accounts Payable Manager
Permanent · LONDON
BURTON
Senior Buyer - Tailoring - Maternity Cover
Permanent · LONDON
TOPSHOP TOPMAN
Senior Marketing Manager
Permanent · London
TJX CORPORATE
Information Technology Graduate (2021)
Permanent · WATFORD
SHISEIDO
Bareminerals Account Manager - Hoopers, Wilmslow (Maternity Cover) (37.5)
Permanent · Manchester
SHISEIDO
Bareminerals Account Manager - Debenhams, Winchester (Maternity Cover)
Permanent · Hampshire
SHISEIDO
Bareminerals Account Manager - Debenhams, Ipswich (37.5)
Permanent · Ipswich
THE KOOPLES
Full Time Sales Assistant - Bath
Permanent · BATH
By
Reuters
Published
Aug 26, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

J.Crew expects to emerge from bankruptcy early next month

By
Reuters
Published
Aug 26, 2020

​J.Crew Group Inc said on Tuesday it expects to emerge from Chapter 11 in early September, after a bankruptcy court accepted its restructuring plan.


J.Crew


The plan, approved by a Virginia federal court, will equitize over $1.6 billion of secured debt, and provide for $400 million in asset-based loan as well as $400 million of fresh financial aid.

The New York-based chain, known for preppy clothing at times worn by former first lady Michelle Obama, filed for bankruptcy earlier this year and was soon joined by peers such as Neiman Marcus Group, J.C. Penney Co Inc, Brooks Brothers.

The company was pressured by the virus outbreak to temporarily close its nearly 500 J. Crew, J. Crew Factory and Madewell stores, and also shelve its plans for an initial public offering of its Madewell business.

In 2011, J. Crew was taken private by TPG and Leonard Green & Partners in a roughly $3 billion leveraged buyout. Years later in 2017, the retailer avoided bankruptcy in a deal with creditors that reduced total debt and pushed due dates on obligations.

© Thomson Reuters 2020 All rights reserved.