J.Crew Is Reportedly Filing for Bankruptcy

Published by: MCR

Shared article: GQ

The headline has felt inevitable for a few years now, and yet it hit like a ton of bricks: “J. Crew is preparing for a bankruptcy filing that could come this weekend,” CNBC reported Thursday afternoon. Over the last few years, the once-golden mall brand has slowly deteriorated, from its posterboy status for men suddenly interested in tie bars and American-made clothing to just another mall brand swept up in the retail industry’s fallout. Now, J.Crew is allegedly seeking $400 million to continue operations. (J.Crew declined to comment.)[…]

J.Crew Is Reportedly Filing for Bankruptcy