Models
present creations from the J. Crew Spring/Summer 2014 collection
during New York Fashion Week.
Keith
Bedford/Reuters
U.S. apparel retailer J. Crew Group Inc is taking steps to
negotiate with its creditors about cutting the value of its
approximately $2 billion debt load, as its struggles with falling
sales, people familiar with the matter said on Friday.
A debt restructuring would underscore the challenges the company
has faced since it was acquired by private equity firms TPG
Capital LP and Leonard Green & Partners LP in a $3 billion
leveraged buyout in 2011. J. Crew has struggled as many shoppers
have shunned malls and turned to interne…
Read the full article at: http://uk.businessinsider.com/r-j-crew-makes-preparations-for-possible-debt-restructuring-sources-2016-12