J. Crew: Private Equity Ruins Retailing (A)
Founded in 1947 as an affordable women's retailer, J. Crew launched a highly successful catalogue in 1983. J. Crew's brick and mortar operations and catalogue sales experienced healthy growth through the 1990s. Seeking a cash injection to further growth, and to compete with larger catalogue retailers, the company's founders sold a majority stake in 1997 to Texas Pacific Group. A controversial second private equity buyout in 2011 put the company in the hands of a subsidiary of Chinos Holdings, Inc.-a deal made at a time when there were signs that J. Crew was failing to adapt to changing customer trends. A series of debt restructurings dug an even deeper financial hole for the company-leading to J. Crew becoming the first retailer to file for bankruptcy during the COVID-19 pandemic of 2020. In Case A students will learn of the retail trends and private equity-guided deals that led to J. Crew's distress.
【書誌情報】
ページ数:16ページ
サイズ:A4
商品番号:HBSP-CU296
発行日:2020/11/1
登録日:2021/4/14