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J. Crew Exits Bankruptcy Under New Ownership

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J. Crew Group completed it exit from bankruptcy under new ownership, challenges remain for the ailing J.Crew brand that's losing its luster.
J. Crew's no longer operating under bankruptcy court protection.
CREDIT: AP Photo/Gene J. Puskar

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J.Crew is out of bankruptcy and under new ownership. On Thursday, J.Crew Group officially concluded its tour of Chapter 11 proceedings and has Anchorage Capital Group as its new majority owner. “We are immensely pleased to have completed this process swiftly, and we thank our customers, associates, vendors, and new owners for the dedication and…

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