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2019 Hasn’t Been Kind to IPOs. Madewell and Old Navy Are Taking Note.

U.S. IPO activity is stuck in a troubling rut —see: WeWork’s spectacular implosion—and that could jeopardize initial public offerings for both Madewell and Old Navy. Over the course of 2019, several fashion brands and e-retailers have completed initial public offerings, including Levi Strauss & Co., Kontoor Brands Inc., Revolve Group Inc. and The RealReal Inc. But…

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