Breaking News: J.Crew Sold for $3 billion!

23 November 2010

Exciting breaking news from the States! J. Crew, the mega-brand that has everyone enamoured with its clever update on the preppy chic American classics we rely on so much, from First Lady Michelle Obama to well, us, has just announced that it is to be sold to two investment firms for a pretty outstanding $3 billion! CEO Mickey Drexier said in a statement that the big move, ‘is a clear endorsement of J.Crew and of the hard work and commitment of each and every one of our associates. We are in this for the long term and we do what we do day in and day out so we can deliver the best possible products to our customers.’

What does this mean for all us loyal customers? We’re guessing improvements to the structure of the company that could possible make the end products – until recently only available across the pond and thanks to the fairy godmother that is Net-a-Porter now worldwide too – even more exciting! We hope this gives Jenna Lyons, President of the American high-street giant and our perennial girl-crush, even more space to transfer more of her personal style onto their collections, and pushes their sister company, Madewell, to the major-league following their successful collaboration with Alexa Chung. All in all, good news we think!

 

-- Kiki Georgiou


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