J. Crew Page 3
J.Crew is fighting back against Institutional Shareholder Services, which advised the company’s shareholders to vote against the classic brand’s $3 billion sale to TPG Capital and Leonard Green & Partners just yesterday.
A group of J.Crew shareholders is unsatisfied with the the amount of money the clothing company is selling for — and how the $3 billion dollar sticker price was achieved — so they’re pursuing legal action.
We thought that the deal to take J.Crew private was more or less done, but there are four companies giving some thought to countering TPG’s offer to buy the brand (and the entirety of its cool factor) for $3 billion. Two of those companies are private equity firms for whom such a deal might make sense. But the other two businesses in the running, Sears and Urban Outfitters, would make pretty strange bedfellows for J.Crew.
Still have some last minute Christmas shopping to do? You’re in luck! Contrary to popular belief, there are some stores open today — and accordingly, we’ve put together some really last minute gift ideas for the real procrastinators out there.
Jenna Lyons has a seriously enviable life. J. Crew‘s president and creative director has a ridiculous job, sick townhouse, hot husband and adorable kid. Sigh. So what does the girl who has everything want for Christmas? Time.
While the legal details of Julian Assange’s sexual harassment charges have obfuscated left and right, the fact remains that the man is going to have to go to court. And any person with common sense will tell you that a having a court date (even if it is in Sweden) means hauling out a suit and trying to look good while all of your worst fears and darkest secrets are aired right in front of your face.
J.Crew, everyone’s favorite purveyor of classic and expensive preppy gear, has just agreed to be purchased for the tidy sum of $3 billion by TPG Capital and Leonard Green Partners. The sale takes the company back into private ownership after four years of trading publicly on the New York Stock Exchange — but what does that mean for customers?
We learned lots of things this week! The Kardashians‘ deal with MasterCard has turned sour, fake Vuitton bags are hard to come by and Karl Lagerfeld is a cocktail. Also: Angelina Jolie is a four-time Vogue cover girl, and magnetic underwear is a thing that exists.
Spring has sprung at J.Crew and, like usual, Jenna Lyons makes us want to shamelessly spend our entire savings on a new wardrobe. What initially seemed like an obvious repeat of September’s trends — neutral shades, tailored silhouettes and reinvented minimalism –- quickly transforms into an collection of relaxed ensembles in bright colors that is both refreshing and intriguing.
As it turns out, the New York City bedbug takeover isn’t done yet. J.Crew, everyone’s favorite purveyor of classic American style, has found evidence of exactly one bedbug one at its office at 2 Penn in New York City.
Every time first lady Michelle Obama appears publicly, she generates $14 million in revenue for whoever makes the clothes she’s wearing. Now, we don’t have fancy business degrees or anything, but that’s a lot of cash.
J.Crew might have wanted to take into consideration the collective age of the Internet (which is, oh, about that of a 13-year-old boy) before posting this photo to their website. Because, it case you couldn’t tell, the model looks like she’s got some seriously hairy legs.
There is a reason people hate on Ivy Leaguers. It’s because sometimes twerps like Yale sophomore Scott Simpson say things like, “J. Crew can attract pedestrian traffic, because of the more accessible price range.” Shut up, Scott! You’re embarrassing yourself! But at least we know you’ll shop at New Haven’s new Gant store which is opening next month.
Where J.Crew goes, the rest of the mall stores follow. We love Jenna Lyons and we’re pretty sure Mickey Drexler is a genius, but we think they may have taken this J.Crew re-branding thing a little bit too far this time.
When Jenna Lyons began climbing the corporate ladder at J. Crew, the clothing brand became the company to watch for its affordability and unexpected fashion forwardness. Thankfully, with the help of some fresh young designers and corporate executives with open minds, a few more formerly staid brands have followed suit.
Celebrating America’s independence today? Be sure to celebrate our nation’s greatest moment in true American style.
Dear Styleite: I just got invited last minute to a daytime semi-formal wedding at a country club. What do I wear? It’s going to be outside and hot so I don’t want to be a sweaty mess but I also don’t want to be a hooch!
They say imitation is the most sincere form of flattery but you’ve got to believe that somewhere (most likely a sun-drenched cottage in Montauk) J.Crew-guru Jenna Lyons is getting a little steamed. I mean, how would you feel if a handful of your rivals decided to pilfer through your carefully orchestrated playbook and copy your every move?
A tipster (who may or may not be my sister) forwarded us J.Crew’s e-mail newsletter from yesterday with the edited subject line, “Is that a RUCKSACK I see?????????????????” Why yes, yes it is. And so, yet another milestone in The Great Backpack Comeback is achieved: an utterly beloved and insanely successful mass-market brand jumps on board.
Yesterday, Oprah did an episode on people who are working their dream jobs. Since the fashion industry often resembles nothing so much as a fantasy land, who better to highlight than Jenna Lyons, Creative Director of J.Crew.