US: J Crew silent over end to deal talks with Fast Retailing
Earlier this month, Fast Retailing was reported to have approached J Crew about potentially buying the private-equity-owned business, according to Reuters. J Crew was taken private by TPG Capital and Leonard Green & Partners in 2011 in a deal worth US$3bn.
However, merger discussions are understood to have broken down, reducing the prospects of a deal that would create a global retailing behemoth.
According to The Wall Street Journal, Fast Retailing, which owns the Uniqlo clothing chain, walked away from discussions soon after initial reports of a potential deal emerged last month. Sources told the publication the reason may have been linked to the talks being made public. Another suggestion is that a second bidder may have stepped in.
South Korean fashion conglomerate E.Land Group was said to be exploring a deal for J Crew.
More than 180 companies have now signed the Accord on Fire and Building Safety in Bangladesh following the collapse of the Rana Plaza factory building in Dhaka, which killed more than 1,100 people las...
J. Crew Group, Inc. - Strategic SWOT Analysis Review provides a comprehensive insight into the company’s history, corporate strategy, business structure and operations. The report contains a detailed ...
Fast Retailing aspires to become the world’s largest clothing company by 2020. International expansion will be key to achieving this goal. While the company has successfully expanded in Asia, gaining ...
Fast Retailing Co Ltd aims to strengthen its position overseas to become the world’s number one apparel manufacturer and retailer. The company announced that it has a target to achieve annual group sa...
Casual clothing brand Uniqlo booked an increase in sales at its Japanese stores in August, after cooler weather helped drive demand for autumn garments....
- Marks & Spencer to extend mobile phone monitoring
- China tightens on corporate social responsibility
- Outdoor industry's future must be more inclusive
- Factoring: a lifeline for apparel suppliers?
- Responsible apparel sourcing requires teamwork
- Adidas "Reebok sale" would be admittance of defeat
- H&M and The North Face commit to responsible down
- Bangladesh taps factory inspectors ahead of review
- UPDATE: A&F appoints Horowitz to head Hollister
- Coats to open new zip factory in Bangladesh
- Ethiopia – the emerging textile and clothing industry
- Apparel Market in China to 2018 - Market Size, Trends, and Forecasts
- Wool in the 21st Century: new prospects for a familiar fibre
- Global market review of denim and jeanswear – forecasts to 2020
- Prospects for the Textile and Clothing Industry in Vietnam