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Bankrupt J.Crew Eyes $130 Million in Rent Relief

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

Bankrupt J.Crew is hoping to save $130 million by the end of next year, now that it has gotten a break on some of its store leases. On Monday, the retailer said renegotiated landlord lease terms should recoup cash savings of about $70 million this year, thanks to “one-time waivers and deferrals,” and $60 million…

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