J. Crew Goes Private

After an unsettling financial year, J. Crew has decided to take their company private. Chairman and CEO Millard Drexler joined with private equity firms TPG Capital and Leonard Green & Partners in a 3 billion dollar buyout of the company. This was a smart decision for J. Crew after loosing 13.8 percent of profits in their third quarter. Oh J. Crew, hopefully this will be a smart move. Would be sad to see this empire go under.

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