Firms acquire J. Crew, and its CEO

Share this article:

J. Crew's merchandise and retail structure may be valuable to its new owners, but even more important to TPG Capital and Leonard Green & Partners is the retailer's chairman and CEO Millard Drexler, according to a report on The New York Times' Dealbook site.

Drexler backed the deal for the retail brand, and his shares are worth more than $328 million, according to the Times. He is also credited with building the Gap brand into a national retail powerhouse.

Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Direct Line Blog

Sign up to our newsletters

Latest Jobs:


Company of the week

Data Services, Inc. meets the needs of today's data-driven marketer by providing front-end database management and data analytics platforms alongside our expertise in global contact data quality, database building and ongoing maintenance that comes with our 45+ years in business.


Find out more here »

More in Direct Line Blog

Getting Email Out of the Friend Zone

Getting Email Out of the Friend Zone

It may not be the sexiest channel, but it is the most reliable.

Get Ready, New iPhones Change the Game for Marketers

Get Ready, New iPhones Change the Game for ...

Apple's new gadgets not only feed consumers' insatiable desire for video content, but also cast the spotlight on mobile marketers.

The Dawn of Digital Détente?

The Dawn of Digital Détente?

As the Postal Service gets more digital, Silicon Valley gets more analog. Perhaps it's time for a summit meeting.