• J. Crew Group Widens Loss; Files SEC Doc for Madewell IPO

    4 days ago - By WWD

    J. Crew Group reported that its loss for the second quarter grew to $44.2 million, and disclosed that it filed a registration statement with the Securities and Exchange for an initial public offering of Madewell.
    No timing was revealed for the IPO, however.
    The company said Madewell will be separated from the J. Crew brand, which will get spun off to stockholders of Chinos Holdings Inc., the parent of the J. Crew Group. Madewell will remain with Chinos Holdings. Libby Wadle will continue to head Madewell following the split.
    At what will become the separate J. Crew, Michael Nicholson will...
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