J. Crew Reportedly on Road to IPO
The news follows other recent reports that J. Crew plans a new retail concept and that, in general, its fortunes have apparently turned for the better since former Gap executive Millard S. Drexler joined the company as CEO two years ago.
Several analysts interviewed for the WWD article cited everything from the return of preppy fashions to the equity market's growing receptiveness to apparel retailers as spurring the move toward an IPO. J. Crew is majority owned by Texas Pacific Group, a private equity firm.