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Here’s What’s Holding Up a Madewell IPO

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The Madewell concept might be J.Crew Group Inc.’s crown jewel, but the denim-lifestyle brand targeting millennials can’t be spun off into a standalone company until an agreement is reached with lenders over J.Crew’s debt restructuring plan. “It is still uncertain whether the parties will reach an agreement and on what terms,” credit ratings firm Moody’s…

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