US: Private equity firms complete J Crew buyout
US apparel retailer J Crew has announced the completion of its acquisition by private equity firms TPG Capital and Leonard Green & Partners.
The transaction was approved by J Crew’s stockholders, and the company's common stock will be delisted from the New York Stock Exchange.
J Crew's shareholders last week voted in favour of the US$3bn takeover deal, first tabled in November but delayed after prospective buyers were given extra time to enter into negotiations.
Costs incurred as part of the company's acquisition by private equity firms earlier this year have pushed US apparel chain J Crew to a second-quarter loss....
US fashion retailer J Crew has announced it will open its first store in Canada at Toronto's Yorkdale Shopping Centre later this year....
US clothing retailer J Crew has swung to a net loss for the first quarter of the year, following costs associated with its acquisition. ...
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