Investment firms TPG Group Holding Advisers Inc and Dragoneer Investment Group LLC jointly reported an 8 percent stake in Etsy Inc, the Brooklyn-based online retailer of handmade goods, Etsy disclosed on Monday.
Private equity firm Blackstone Group LP's credit arm, is acquiring more of J. Crew Group's debt, hoping for a profitable trade that could also give the fashion retailer more time to stave off bankruptcy, sources said.
The end of an era: Jenna Lyons is stepping down as executive creative director and president of the struggling retailer. No successor will be named but former Madewell CD Somsack Sikhounmuong will take over design.
In the final phase of this season's fashion weeks, Paris now takes the stage, with 83 scheduled shows on the official calendar, starting Tuesday Feb. 28 with Paskal and ending next Tuesday March 6 with Paul & Joe.
As if there wasn't enough bad news around for struggling apparel retailer J Crew Group at the moment, the brand's e-commerce website was down for several hours on Monday on what should have been a key shopping day.