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Bankrupt J.Crew Eyes $130 Million in Rent Relief

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

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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